Cathodic Protection Co. Limited

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cathodic protection co. limited Company Information

Live

MatureMidLow

Company Number

00478098

Website

www.cathodic.co.uk

Registered Address

venture way, grantham, lincolnshire, NG31 7XS

Industry

Manufacture of other electrical equipment

Telephone

01476590666

Next Accounts Due

December 2024

Group Structure

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Directors

Christopher Martin5 Years

Stuart Martin2 Years

View All

Shareholders

hostombe group ltd 100%

cathodic protection co. limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of CATHODIC PROTECTION CO. LIMITED at £7m based on a Turnover of £9.5m and 0.73x industry multiple (adjusted for size and gross margin).

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Cathodic Protection Co. Limited is a live company located in lincolnshire, NG31 7XS with a Companies House number of 00478098. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in February 1950, it's largest shareholder is hostombe group ltd with a 100% stake. Cathodic Protection Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.5m with low growth in recent years.

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Pomanda's financial health check has awarded Cathodic Protection Co. Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £9.5m, make it smaller than the average company (£12.7m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.1%)

EXPORT

Cathodic Protection Co. Limited's latest turnover from March 2023 is £9.5 million and the company has net assets of £831 thousand. According to their latest financial statements, Cathodic Protection Co. Limited has 58 employees and maintains cash reserves of £1.7 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	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	9,500,320	6,424,573	7,644,525	8,729,276	7,459,741	8,731,796	8,207,788	6,412,600	9,064,047	9,858,037	6,928,084	8,838,849	10,026,051	7,460,715
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,992,766	4,287,061	5,112,178	5,852,283	5,047,391	5,791,099	5,319,584	5,143,878	7,193,103	7,828,361	5,178,092	6,739,038	6,811,235	4,894,415
Gross Profit	2,507,554	2,137,512	2,532,347	2,876,992	2,412,350	2,940,696	2,888,205	1,268,722	1,870,944	2,029,676	1,749,992	2,099,811	3,214,816	2,566,300
Admin Expenses	2,403,006	2,173,392	2,461,340	3,588,148	2,205,613	3,544,628	2,834,307	1,867,923	1,908,661	2,063,248	1,762,673	1,846,380	1,944,993	1,583,540
Operating Profit	104,548	-35,880	71,007	-711,156	206,737	-603,932	53,898	-599,201	-37,717	-33,572	-12,681	253,431	1,269,823	982,760
Interest Payable	99,606	25,295	0	27,562	46,236	25,797	15,640	12,917	68,402	3,228	0	13,000	0	64
Interest Receivable	680	6	219	340	3,164	1,888	942	482	501	1,452	12,845	15,689	15,404	3,639
Pre-Tax Profit	5,622	-61,169	71,226	-738,378	163,665	-627,840	39,200	-611,636	-362,618	25,971	164	269,120	1,272,551	986,335
Tax	0	6,362	-13,533	0	-31,096	0	-7,840	0	21,975	-13,863	-5,029	-73,150	5,924	-21,907
Profit After Tax	5,622	-54,807	57,693	-738,378	132,569	-627,840	31,360	-611,636	-340,643	12,108	-4,865	195,970	1,278,475	964,428
Dividends Paid	0	0	0	0	0	0	0	0	0	155,000	47,866	30,000	250,000	488,000
Retained Profit	5,622	-54,807	57,693	-738,378	132,569	-627,840	31,360	-611,636	-340,643	-142,892	-52,731	165,970	1,028,475	476,428
Employee Costs	2,213,221	2,075,899	2,545,637	2,216,232	2,039,625	2,181,582	1,958,190	2,046,618	2,211,378	1,938,085	1,794,060	1,366,387	1,423,388	1,209,226
Number Of Employees	58	57	59	53	48	52	49	52	59	57	53	49	42	36
EBITDA*	141,696	-447	109,369	-679,713	234,096	-570,260	97,343	-544,831	22,559	24,521	48,622	307,981	1,309,314	1,003,426

* 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	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	180,527	166,406	176,932	180,920	236,782	203,731	208,106	227,540	246,429	255,099	256,579	290,263	267,526	95,735
Intangible Assets	0	9,180	18,926	33,310	11,588	16,223	20,858	25,493	30,128	34,763	39,398	44,033	0	0
Investments & Other	0	0	0	23,292	0	48,772	101,863	108,187	108,187	398,213	398,213	398,213	437,161	262,160
Debtors (Due After 1 year)	0	0	0	13,213	0	0	2,725	0	0	363,636	350,000	350,000	500,000	350,000
Total Fixed Assets	180,527	175,586	195,858	250,735	248,370	268,726	333,552	361,220	384,744	1,051,711	1,044,190	1,082,509	1,204,687	707,895
Stock & work in progress	2,593,828	2,544,886	1,612,187	1,197,794	1,021,698	1,061,201	1,327,875	1,322,473	1,594,040	1,686,691	1,594,504	1,070,506	434,081	1,088,258
Trade Debtors	1,591,993	1,835,303	1,442,532	2,100,260	1,800,559	2,395,940	2,160,692	1,570,960	2,134,129	2,048,108	1,255,306	3,189,901	1,585,780	1,492,283
Group Debtors	0	0	0	0	0	0	0	160,299	350,000	0	0	2,338	80,947	30,000
Misc Debtors	355,354	473,800	312,422	90,145	0	637,093	723,627	658,910	693,208	428,422	199,863	240,907	187,749	220,931
Cash	1,702,621	734,649	213,255	224,222	455,869	387,932	367,354	385,929	539,717	129,510	669,541	666,634	1,185,421	1,218,127
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,243,796	5,588,638	3,580,396	3,612,421	3,869,203	4,482,166	4,579,548	4,098,571	5,311,094	4,292,731	3,719,214	5,170,286	3,473,978	4,049,599
total assets	6,424,323	5,764,224	3,776,254	3,863,156	4,117,573	4,750,892	4,913,100	4,459,791	5,695,838	5,344,442	4,763,404	6,252,795	4,678,665	4,757,494
Bank overdraft	1,774,295	916,586	0	0	197,839	466,268	327,472	173,000	415,000	0	0	400,000	0	0
Bank loan	0	0	0	0	0	0	0	0	0	305,387	347,368	0	0	0
Trade Creditors	1,751,116	1,371,637	1,084,314	1,184,522	992,013	1,252,643	1,334,039	1,282,310	1,786,638	1,659,426	1,053,714	2,083,160	941,678	2,085,256
Group/Directors Accounts	708,490	574,359	731,034	726,739	0	720,162	404,389	64,400	40,949	35,565	38,960	127,718	118,654	37,408
other short term finances	0	0	0	0	705,844	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
other current liabilities	1,210,050	1,816,935	711,436	1,129,442	0	883,557	790,995	915,061	816,420	366,415	202,646	468,295	606,461	655,303
total current liabilities	5,443,951	4,679,517	2,526,784	3,040,703	2,556,742	3,322,630	2,856,895	2,434,771	3,059,007	2,366,793	1,642,688	3,079,173	1,666,793	2,777,967
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	1,153	1,328
other liabilities	149,411	259,368	369,324	0	0	0	103	278	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	4,045	0
total long term liabilities	149,411	259,368	369,324	0	0	0	103	278	0	0	0	0	5,198	1,328
total liabilities	5,593,362	4,938,885	2,896,108	3,040,703	2,556,742	3,322,630	2,856,998	2,435,049	3,059,007	2,366,793	1,642,688	3,079,173	1,671,991	2,779,295
net assets	830,961	825,339	880,146	822,453	1,560,831	1,428,262	2,056,102	2,024,742	2,636,831	2,977,649	3,120,716	3,173,622	3,006,674	1,978,199
total shareholders funds	830,961	825,339	880,146	822,453	1,560,831	1,428,262	2,056,102	2,024,742	2,636,831	2,977,649	3,120,716	3,173,622	3,006,674	1,978,199

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	104,548	-35,880	71,007	-711,156	206,737	-603,932	53,898	-599,201	-37,717	-33,572	-12,681	253,431	1,269,823	982,760
Depreciation	27,968	25,687	23,978	23,919	27,359	29,037	38,810	49,735	55,641	53,458	56,668	52,232	39,491	20,666
Amortisation	9,180	9,746	14,384	7,524	0	4,635	4,635	4,635	4,635	4,635	4,635	2,318	0	0
Tax	0	6,362	-13,533	0	-31,096	0	-7,840	0	21,975	-13,863	-5,029	-73,150	5,924	-21,907
Stock	48,942	932,699	414,393	176,096	-39,503	-266,674	5,402	-271,567	-92,651	92,187	523,998	636,425	-654,177	1,088,258
Debtors	-361,756	554,149	-448,664	403,059	-1,232,474	145,989	496,875	-787,168	337,171	1,034,997	-1,977,977	1,428,670	261,262	2,093,214
Creditors	379,479	287,323	-100,208	192,509	-260,630	-81,396	51,729	-504,328	127,212	605,712	-1,029,446	1,141,482	-1,143,578	2,085,256
Accruals and Deferred Income	-606,885	1,105,499	-418,006	1,129,442	-883,557	92,562	-124,066	98,641	450,005	163,769	-265,649	-139,319	-49,017	656,631
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-4,045	4,045	0
Cash flow from operations	227,104	-88,111	-388,107	63,083	330,790	-438,409	-485,111	108,217	377,231	-347,045	202,477	-832,146	519,603	541,934
Investing Activities
capital expenditure	0	0	-19,990	2,697	-55,775	-24,662	-19,376	-30,846	-15,359	-52,883	-22,419	-20,066	-398,958	-263,970
Change in Investments	0	0	-23,292	23,292	-48,772	-53,091	-6,324	0	-290,026	0	0	-38,948	175,001	262,160
cash flow from investments	0	0	3,302	-20,595	-7,003	28,429	-13,052	-30,846	274,667	-52,883	-22,419	18,882	-573,959	-526,130
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-305,387	-41,981	347,368	0	0	0
Group/Directors Accounts	134,131	-156,675	4,295	726,739	-720,162	315,773	339,989	23,451	5,384	-3,395	-88,758	9,064	81,246	37,408
Other Short Term Loans	0	0	0	-705,844	705,844	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-109,957	-109,956	369,324	0	0	-103	-175	278	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-453	-175	-175	-175	978	0	1,501,771
interest	-98,926	-25,289	219	-27,222	-43,072	-23,909	-14,698	-12,435	-67,901	-1,776	12,845	2,689	15,404	3,575
cash flow from financing	-74,752	-291,920	373,838	-6,327	-57,390	291,761	325,116	10,841	-368,079	-47,327	271,280	12,731	96,650	1,542,754
cash and cash equivalents
cash	967,972	521,394	-10,967	-231,647	67,937	20,578	-18,575	-153,788	410,207	-540,031	2,907	-518,787	-32,706	1,218,127
overdraft	857,709	916,586	0	-197,839	-268,429	138,796	154,472	-242,000	415,000	0	-400,000	400,000	0	0
change in cash	110,263	-395,192	-10,967	-33,808	336,366	-118,218	-173,047	88,212	-4,793	-540,031	402,907	-918,787	-32,706	1,218,127

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CATHODIC PROTECTION CO. LIMITED group structure

Cathodic Protection Co. Limited has 2 subsidiary companies.

Ultimate parent company

CATHODIC PROTECTION CO. LIMITED

00478098

2 subsidiaries

CORROCELL LTD

12266291

CATH-TECH INTERNATIONAL LIMITED

04364652

CATHODIC PROTECTION CO. LIMITED Shareholders

hostombe group ltd

100%

Cathodic Protection Co. Limited currently has 3 directors. The longest serving directors include Mr Christopher Martin (Oct 2018) and Mr Stuart Martin (Sep 2021).

officer	country	age	start	end	role
Mr Christopher Martin	United Kingdom	41 years	Oct 2018	-	Director
Mr Stuart Martin	United Kingdom	37 years	Sep 2021	-	Director
Mr Daniel Marshall	United Kingdom	50 years	Sep 2021	-	Director

P&L

March 2023

turnover

9.5m

+48%

operating profit

104.5k

-391%

gross margin

26.4%

-20.67%

turnover

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

Balance Sheet

March 2023

net assets

831k

+0.01%

total assets

6.4m

+0.11%

cash

1.7m

+1.32%

net assets

Total assets minus all liabilities

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company number

00478098

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

February 1950

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

venture way, grantham, lincolnshire, NG31 7XS

last accounts submitted

March 2023

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 cathodic protection co. limited. Currently there are 3 open charges and 1 have been satisfied in the past.

cathodic protection co. limited Company Information

cathodic protection co. limited Estimated Valuation

cathodic protection co. limited Estimated Valuation

cathodic protection co. limited Estimated Valuation

Cathodic Protection Co. Limited Overview

Cathodic Protection Co. Limited Health Check

CATHODIC PROTECTION CO. LIMITED financials

cathodic protection co. limited Credit Report and Business Information

Cathodic Protection Co. Limited Competitor Analysis

cathodic protection co. limited Ownership

cathodic protection co. limited directors

cathodic protection co. limited company details

cathodic protection co. limited Charges & Mortgages

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