Pomanda estimates the enterprise value of SOMERS FORGE LIMITED at £14.8m based on a Turnover of £22.7m and 0.65x industry multiple (adjusted for size and gross margin).
somers forge limitedEstimated Valuation
£11.7m
Pomanda estimates the enterprise value of SOMERS FORGE LIMITED at £11.7m based on an EBITDA of £2.1m and a 5.64x industry multiple (adjusted for size and gross margin).
somers forge limitedEstimated Valuation
£29.5m
Pomanda estimates the enterprise value of SOMERS FORGE LIMITED at £29.5m based on Net Assets of £15.5m and 1.91x industry multiple (adjusted for liquidity).
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Somers Forge LimitedOverview
Somers Forge Limited is a live company located in west midlands, B62 8DZ with a Companies House number of 00468767. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in May 1949, it's largest shareholder is
folkes forgings acquisition limited
with a 100% stake. Somers Forge Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£22.7m with
high
growth in recent years.
Pomanda's financial health check has awarded Somers Forge Limited a 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 Rating5out of 5
5 Strong
4 Regular
3 Weak
Size
annual sales of £22.7m, make it in line with the average company (£20.2m)
£22.7m - Somers Forge Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (5.9%)
29% - Somers Forge Limited
5.9% - Industry AVG
Production
with a gross margin of 21.5%, this company has a lower cost of product (15.8%)
21.5% - Somers Forge Limited
15.8% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (4.1%)
5.3% - Somers Forge Limited
4.1% - Industry AVG
Employees
with 128 employees, this is similar to the industry average (117)
128 - Somers Forge Limited
117 - Industry AVG
Pay Structure
on an average salary of £44.3k, the company has an equivalent pay structure (£38.1k)
£44.3k - Somers Forge Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £177.7k, this is equally as efficient (£175.2k)
£177.7k - Somers Forge Limited
£175.2k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (55 days)
121 days - Somers Forge Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (49 days)
87 days - Somers Forge Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 306 days, this is more than average (71 days)
306 days - Somers Forge Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is more cash available to meet short term requirements (7 weeks)
19 weeks - Somers Forge Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.5%, this is a higher level of debt than the average (54.5%)
72.5% - Somers Forge Limited
54.5% - Industry AVG
SOMERS FORGE LIMITED financials
EXPORT
Somers Forge Limited's latest turnover from December 2023 is £22.7 million and the company has net assets of £15.5 million. According to their latest financial statements, Somers Forge Limited has 128 employees and maintains cash reserves of £14.9 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
22,742,823
22,429,910
19,275,334
10,481,141
17,122,280
17,443,417
12,611,825
12,177,649
14,027,630
20,059,132
20,723,580
18,463,902
22,202,370
19,746,424
20,434,579
Other Income Or Grants
Cost Of Sales
17,849,407
18,613,889
14,467,664
9,367,639
12,589,131
13,337,138
9,866,171
9,861,476
12,032,946
14,726,962
14,919,150
14,282,726
16,178,285
14,403,936
14,793,390
Gross Profit
4,893,416
3,816,021
4,807,670
1,113,502
4,533,149
4,106,279
2,745,654
2,316,173
1,994,684
5,332,170
5,804,430
4,181,176
6,024,085
5,342,488
5,641,189
Admin Expenses
3,683,486
3,777,312
3,673,817
2,929,290
3,892,572
3,287,028
2,808,712
2,664,719
3,139,438
3,819,778
3,716,915
3,639,424
4,091,739
3,630,450
4,582,707
Operating Profit
1,209,930
38,709
1,133,853
-1,815,788
640,577
819,251
-63,058
-348,546
-1,144,754
1,512,392
2,087,515
541,752
1,932,346
1,712,038
1,058,482
Interest Payable
34,420
36,718
63,159
45,935
50,142
39,901
10,470
5,707
389,143
336,693
329,396
Interest Receivable
734,327
80,767
72,199
39,461
54,485
54,179
45,851
30,178
31,973
71,414
76,895
14,001
11,278
Pre-Tax Profit
1,944,257
119,476
1,206,052
-1,810,747
658,344
810,271
-63,142
-368,510
-1,152,682
1,573,336
2,164,410
550,046
1,543,203
1,375,345
729,086
Tax
-348,622
167,655
-209,242
382,019
-118,669
-55,914
121,491
80,609
455,833
-225,388
-357,183
-103,923
-389,677
-356,636
-196,785
Profit After Tax
1,595,635
287,131
996,810
-1,428,728
539,675
754,357
58,349
-287,901
-696,849
1,347,948
1,807,227
446,123
1,153,526
1,018,709
532,301
Dividends Paid
800,000
5,750,000
Retained Profit
795,635
287,131
996,810
-1,428,728
539,675
754,357
58,349
-287,901
-696,849
-4,402,052
1,807,227
446,123
1,153,526
1,018,709
532,301
Employee Costs
5,675,824
5,179,630
5,089,915
4,933,560
4,972,468
4,654,807
4,207,931
4,033,540
4,601,420
4,817,315
4,684,224
4,356,904
4,811,152
4,315,297
4,810,041
Number Of Employees
128
128
131
128
132
125
117
108
125
137
138
124
142
144
156
EBITDA*
2,074,362
793,630
1,762,943
-1,166,564
1,514,490
1,701,930
832,971
481,444
-252,629
2,414,491
2,921,635
1,370,844
2,802,806
2,575,958
1,864,839
* 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
5,086,307
5,370,498
4,918,118
4,478,286
4,933,420
5,215,542
4,794,694
5,278,906
5,960,229
6,238,622
6,415,995
6,853,532
5,077,218
5,632,628
6,284,981
Intangible Assets
20,061
113,137
206,213
299,289
362,933
264,796
Investments & Other
448,504
686,077
580,826
662,489
448,504
448,504
448,504
448,504
448,504
448,504
448,504
448,504
476,624
476,624
476,624
Debtors (Due After 1 year)
Total Fixed Assets
5,554,872
6,169,712
5,705,157
5,440,064
5,744,857
5,928,842
5,243,198
5,727,410
6,408,733
6,687,126
6,864,499
7,302,036
5,553,842
6,109,252
6,761,605
Stock & work in progress
15,001,658
10,102,203
10,011,406
9,573,113
8,199,226
7,303,791
7,288,656
5,720,933
6,529,344
5,927,640
6,863,086
7,125,690
7,401,795
5,474,026
6,677,738
Trade Debtors
7,587,841
7,881,157
6,728,785
3,214,665
5,576,317
3,150,461
3,075,215
3,939,793
2,486,266
3,800,482
5,716,428
3,567,081
5,101,436
3,413,412
3,455,205
Group Debtors
12,492,976
2,107,322
792,512
1,105,068
1,390,922
1,747,631
1,908,501
1,891,883
506,559
104,400
2,454,400
7,484,278
7,704,454
Misc Debtors
257,790
723,972
510,700
821,904
97,398
114,644
109,250
265,545
519,806
422,832
194,789
1,820,337
202,539
136,220
120,008
Cash
14,920,564
2,677,597
5,496,059
3,509,199
2,333,081
3,168,951
3,242,114
2,635,683
3,432,414
9,299,608
4,948,189
2,699,966
3,981,329
133,339
38,458
misc current assets
500,000
1,000,000
1,000,000
500,000
total current assets
50,760,829
24,492,251
24,539,462
18,723,949
17,596,944
15,485,478
15,623,736
14,453,837
13,474,389
19,554,962
20,176,892
15,213,074
16,687,099
16,641,275
17,995,863
total assets
56,315,701
30,661,963
30,244,619
24,164,013
23,341,801
21,414,320
20,866,934
20,181,247
19,883,122
26,242,088
27,041,391
22,515,110
22,240,941
22,750,527
24,757,468
Bank overdraft
8,870,867
10,929,220
Bank loan
1,000,000
1,700,000
200,000
200,000
Trade Creditors
4,289,499
2,260,966
4,331,931
1,205,976
2,618,736
3,139,808
2,275,875
2,083,880
2,021,537
3,254,572
3,769,100
2,168,416
4,908,612
3,927,212
2,709,981
Group/Directors Accounts
750,000
750,000
750,000
750,000
750,000
750,000
750,000
4,079,774
1,804,772
1,751,447
5,883,491
other short term finances
hp & lease commitments
other current liabilities
36,431,140
13,710,484
9,759,306
8,801,465
3,280,081
1,279,519
2,295,934
1,730,353
1,127,834
2,122,533
2,280,713
1,148,342
1,665,591
1,254,835
3,199,766
total current liabilities
40,720,639
15,971,450
15,841,237
10,757,441
8,348,817
5,369,327
5,521,809
4,564,233
3,899,371
9,456,879
7,854,585
5,068,205
12,457,694
14,052,914
16,838,967
loans
1,700,000
1,800,000
2,000,000
2,000,000
2,000,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
108,914
157,684
49,368
3,857
134,095
212,931
317,540
317,085
384,411
483,048
550,940
790,537
total long term liabilities
108,914
157,684
1,749,368
1,803,857
2,134,095
2,212,931
2,317,540
317,085
384,411
483,048
550,940
790,537
total liabilities
40,829,553
15,971,450
15,841,237
10,757,441
8,506,501
7,118,695
7,325,666
6,698,328
6,112,302
11,774,419
8,171,670
5,452,616
12,940,742
14,603,854
17,629,504
net assets
15,486,148
14,690,513
14,403,382
13,406,572
14,835,300
14,295,625
13,541,268
13,482,919
13,770,820
14,467,669
18,869,721
17,062,494
9,300,199
8,146,673
7,127,964
total shareholders funds
15,486,148
14,690,513
14,403,382
13,406,572
14,835,300
14,295,625
13,541,268
13,482,919
13,770,820
14,467,669
18,869,721
17,062,494
9,300,199
8,146,673
7,127,964
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
1,209,930
38,709
1,133,853
-1,815,788
640,577
819,251
-63,058
-348,546
-1,144,754
1,512,392
2,087,515
541,752
1,932,346
1,712,038
1,058,482
Depreciation
771,357
661,845
536,014
556,148
830,318
882,679
896,029
829,990
892,125
902,099
834,120
829,092
870,460
863,920
806,357
Amortisation
93,075
93,076
93,076
93,076
43,595
Tax
-348,622
167,655
-209,242
382,019
-118,669
-55,914
121,491
80,609
455,833
-225,388
-357,183
-103,923
-389,677
-356,636
-196,785
Stock
4,899,455
90,797
438,293
1,373,887
895,435
15,135
1,567,723
-808,411
601,704
-935,446
-262,604
-276,105
1,927,769
-1,203,712
6,677,738
Debtors
9,626,156
2,680,454
2,890,360
-1,923,000
2,051,901
-80,230
-1,004,255
2,584,590
-815,083
-4,037,903
2,978,199
83,443
-5,729,935
-245,757
11,279,667
Creditors
2,028,533
-2,070,965
3,125,955
-1,412,760
-521,072
863,933
191,995
62,343
-1,233,035
-514,528
1,600,684
-2,740,196
981,400
1,217,231
2,709,981
Accruals and Deferred Income
22,720,656
3,951,178
957,841
5,521,384
2,000,562
-1,016,415
565,581
602,519
-994,699
-158,180
1,132,371
-517,249
410,756
-1,944,931
3,199,766
Deferred Taxes & Provisions
108,914
-157,684
108,316
45,511
-130,238
-78,836
-104,609
455
-67,326
-98,637
-67,892
-239,597
790,537
Cash flow from operations
12,058,232
70,247
2,308,844
3,715,508
36,291
1,604,140
1,018,332
-628,100
-1,915,760
6,490,199
2,514,586
-1,896,499
7,539,559
2,701,494
-9,589,067
Investing Activities
capital expenditure
-487,165
-1,114,225
-975,846
-130,446
-689,928
-1,568,323
-411,817
-148,667
-613,732
-724,726
-396,583
-2,605,406
-315,050
-211,567
-7,091,338
Change in Investments
-237,573
105,251
-81,663
213,985
-28,120
476,624
cash flow from investments
-249,592
-1,219,476
-894,183
-344,431
-689,928
-1,568,323
-411,817
-148,667
-613,732
-724,726
-396,583
-2,577,286
-315,050
-211,567
-7,567,962
Financing Activities
Bank loans
-1,000,000
1,000,000
-1,700,000
1,500,000
200,000
Group/Directors Accounts
-750,000
-3,329,774
2,275,002
53,325
-4,132,044
5,883,491
Other Short Term Loans
Long term loans
-1,700,000
-100,000
-200,000
2,000,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
7,316,172
6,595,663
interest
734,327
80,767
72,199
5,041
17,767
-8,980
-84
-19,964
-7,928
60,944
76,895
8,294
-389,143
-336,693
-318,118
cash flow from financing
734,327
-1,669,233
1,072,199
-1,694,959
-182,233
-108,980
-84
-19,964
-3,337,702
4,335,946
130,220
3,192,422
5,494,348
-336,693
6,277,545
cash and cash equivalents
cash
12,242,967
-2,818,462
1,986,860
1,176,118
-835,870
-73,163
606,431
-796,731
-5,867,194
4,351,419
2,248,223
-1,281,363
3,847,990
94,881
38,458
overdraft
-8,870,867
-2,058,353
10,929,220
change in cash
12,242,967
-2,818,462
1,986,860
1,176,118
-835,870
-73,163
606,431
-796,731
-5,867,194
4,351,419
2,248,223
-1,281,363
12,718,857
2,153,234
-10,890,762
somers forge 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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prospect road haywood forge, halesowen, west midlands, B62 8DZ
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somers forge 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 6 charges/mortgages relating to somers forge limited. Currently there are 4 open charges and 2 have been satisfied in the past.
somers forge 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.
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somers forge limitedCompanies House Filings - See Documents
