binns fencing limited

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binns fencing limited Company Information

Share BINNS FENCING LIMITED
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Company Number

00489736

Registered Address

harvest house, cranborne road, potters bar, hertfordshire, EN6 3JF

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 

Telephone

01707855555

Next Accounts Due

September 2024

Group Structure

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Directors

Adam Binns17 Years

Martin Earls16 Years

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Shareholders

lockenfeld ltd 100%

binns fencing limited Estimated Valuation

£6.3m

Pomanda estimates the enterprise value of BINNS FENCING LIMITED at £6.3m based on a Turnover of £13.7m and 0.46x industry multiple (adjusted for size and gross margin).

binns fencing limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of BINNS FENCING LIMITED at £6.6m based on an EBITDA of £1.3m and a 5.13x industry multiple (adjusted for size and gross margin).

binns fencing limited Estimated Valuation

£14.9m

Pomanda estimates the enterprise value of BINNS FENCING LIMITED at £14.9m based on Net Assets of £6.1m and 2.45x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Binns Fencing Limited Overview

Binns Fencing Limited is a live company located in potters bar, EN6 3JF with a Companies House number of 00489736. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in December 1950, it's largest shareholder is lockenfeld ltd with a 100% stake. Binns Fencing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.7m with rapid growth in recent years.

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Binns Fencing Limited Health Check

Pomanda's financial health check has awarded Binns Fencing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £13.7m, make it larger than the average company (£6.2m)

£13.7m - Binns Fencing Limited

£6.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (4.5%)

48% - Binns Fencing Limited

4.5% - Industry AVG

production

Production

with a gross margin of 25%, this company has a comparable cost of product (24.1%)

25% - Binns Fencing Limited

24.1% - Industry AVG

profitability

Profitability

an operating margin of 8.5% make it more profitable than the average company (5.4%)

8.5% - Binns Fencing Limited

5.4% - Industry AVG

employees

Employees

with 46 employees, this is above the industry average (31)

46 - Binns Fencing Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.2k, the company has an equivalent pay structure (£45.4k)

£53.2k - Binns Fencing Limited

£45.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £298.7k, this is more efficient (£182.9k)

£298.7k - Binns Fencing Limited

£182.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (57 days)

24 days - Binns Fencing Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (39 days)

14 days - Binns Fencing Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is in line with average (13 days)

15 days - Binns Fencing Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 100 weeks, this is more cash available to meet short term requirements (19 weeks)

100 weeks - Binns Fencing Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.8%, this is a lower level of debt than the average (62.9%)

15.8% - Binns Fencing Limited

62.9% - Industry AVG

binns fencing 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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Binns Fencing Limited Competitor Analysis

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Perform a competitor analysis for binns fencing limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

binns fencing limited Ownership

BINNS FENCING LIMITED group structure

Binns Fencing Limited has no subsidiary companies.

Ultimate parent company

2 parents

BINNS FENCING LIMITED

00489736

BINNS FENCING LIMITED Shareholders

lockenfeld ltd 100%

binns fencing limited directors

Binns Fencing Limited currently has 4 directors. The longest serving directors include Mr Adam Binns (Jan 2007) and Mr Martin Earls (Jan 2008).

officercountryagestartendrole
Mr Adam BinnsEngland49 years Jan 2007- Director
Mr Martin Earls57 years Jan 2008- Director
Mr Alastair Henman54 years Apr 2015- Director
Mr Christopher HackettEngland39 years Sep 2021- Director

BINNS FENCING LIMITED financials

EXPORTms excel logo

Binns Fencing Limited's latest turnover from December 2022 is £13.7 million and the company has net assets of £6.1 million. According to their latest financial statements, Binns Fencing Limited has 46 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover13,738,60310,925,9033,950,0954,267,0573,445,5725,489,4616,270,1615,654,2774,906,5446,524,8115,655,8058,278,4966,808,15010,468,060
Other Income Or Grants00000000000000
Cost Of Sales10,303,3088,195,9783,037,5063,245,9512,602,3284,122,9634,680,8014,264,4403,699,5614,884,0674,621,5806,786,8315,842,2468,685,918
Gross Profit3,435,2952,729,925912,5891,021,106843,2441,366,4981,589,3591,389,8371,206,9841,640,7441,034,2251,491,665965,9041,782,142
Admin Expenses2,274,2181,702,723193,943772,322859,839885,8661,722,4921,728,9471,338,2922,042,2521,308,6981,379,0981,404,6572,371,703
Operating Profit1,161,0771,027,202718,646248,784-16,595480,632-133,133-339,110-131,308-401,508-274,473112,567-438,753-589,561
Interest Payable00000000000004,197
Interest Receivable42401,1407,3757,2422,2265782,4583,9934,9287,1067,3126,96528,929
Pre-Tax Profit1,161,5011,027,202719,786256,159-9,353482,858-132,555-336,652-127,315-396,580-267,367119,879-431,788-564,829
Tax-225,793-144,089-136,759-48,6700-91,743000057,707-49,688160,728140,593
Profit After Tax935,708883,113583,027207,489-9,353391,115-132,555-336,652-127,315-396,580-209,66070,191-271,060-424,236
Dividends Paid300,000750,0000000000000010,000
Retained Profit635,708133,113583,027207,489-9,353391,115-132,555-336,652-127,315-396,580-209,66070,191-271,060-434,236
Employee Costs2,447,2272,317,4781,877,9461,764,7501,778,2291,716,1461,599,0001,324,2511,121,3511,511,390842,752903,453870,1851,649,636
Number Of Employees4644434041413933294037424546
EBITDA*1,294,9971,128,457819,096351,897102,262601,678-38,499-277,601-37,181-300,773-157,409219,074-313,141-459,402

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets2,898,0802,786,2372,722,1142,741,0742,831,1252,945,5972,942,5682,301,8392,348,6492,237,1622,366,2402,340,8282,541,3642,618,133
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets2,898,0802,786,2372,722,1142,741,0742,831,1252,945,5972,942,5682,301,8392,348,6492,237,1622,366,2402,340,8282,541,3642,618,133
Stock & work in progress436,639396,208336,626327,491359,455312,585266,216219,343227,091209,302161,555177,784167,184284,379
Trade Debtors906,379208,152457,690577,485195,1281,177,9001,266,1921,264,6541,087,7551,365,5191,233,1741,922,9521,485,9182,586,626
Group Debtors649,040491,0501,145,2991,000,332480,53145,2260114,765000000
Misc Debtors320,683345,87982,98475,138293,88855,498063,46784,1290122,65282,807108,496115,832
Cash1,996,6202,564,6921,617,612662,9811,303,808627,460263,012199,548813,782783,5471,187,7321,198,5671,082,1501,283,617
misc current assets00000000000000
total current assets4,309,3614,005,9813,640,2112,643,4272,632,8102,218,6691,795,4201,861,7772,212,7572,358,3682,705,1133,382,1102,843,7484,270,454
total assets7,207,4416,792,2186,362,3255,384,5015,463,9355,164,2664,737,9884,163,6164,561,4064,595,5305,071,3535,722,9385,385,1126,888,587
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 413,334417,364296,065295,454301,688245,257556,551377,117377,622693,289550,738748,824466,0711,258,019
Group/Directors Accounts75,39562,72162,72162,721319,22169,22100000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities539,448397,957674,970274,410292,226289,635082,401270,3490196,364413,174278,180550,720
total current liabilities1,028,177878,0421,033,756632,585913,135604,113556,551459,518647,971693,289747,1021,161,998744,2511,808,739
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000012,399000000174,998
provisions110,99931,61929,12535,49941,87241,87266,00100016,46843,49730,79023,719
total long term liabilities110,99931,61929,12535,49941,87241,87278,40000016,46843,49730,790198,717
total liabilities1,139,176909,6611,062,881668,084955,007645,985634,951459,518647,971693,289763,5701,205,495775,0412,007,456
net assets6,068,2655,882,5575,299,4444,716,4174,508,9284,518,2814,103,0373,704,0983,913,4353,902,2414,307,7834,517,4434,610,0714,881,131
total shareholders funds6,068,2655,882,5575,299,4444,716,4174,508,9284,518,2814,103,0373,704,0983,913,4353,902,2414,307,7834,517,4434,610,0714,881,131
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit1,161,0771,027,202718,646248,784-16,595480,632-133,133-339,110-131,308-401,508-274,473112,567-438,753-589,561
Depreciation133,920101,255100,450103,113118,857121,04694,63461,50994,127100,735117,064106,507125,612130,159
Amortisation00000000000000
Tax-225,793-144,089-136,759-48,6700-91,743000057,707-49,688160,728140,593
Stock40,43159,5829,135-31,96446,87046,36946,87310,04117,78947,747-16,22910,600-117,195284,379
Debtors831,021-640,89233,018683,408-309,07712,432-176,69477,367-193,6359,693-649,933411,345-1,108,0442,702,458
Creditors-4,030121,299611-6,23456,431-311,294179,434-316,172-315,667142,551-198,086282,753-791,9481,258,019
Accruals and Deferred Income141,491-277,013400,560-17,8162,591289,635-82,40182,401270,349-196,364-216,810134,994-272,540550,720
Deferred Taxes & Provisions79,3802,494-6,374-6,3730-24,12966,00100-16,468-27,02912,7077,07123,719
Cash flow from operations414,5931,412,4581,034,981-378,640423,491405,346254,356-598,78093,347-428,494124,535177,89515,409-1,473,188
Investing Activities
capital expenditure-245,763-165,378-81,490-13,062-4,385-124,075-735,363-126,186-205,61428,343-142,476-83,648-64,691-149,008
Change in Investments00000000000000
cash flow from investments-245,763-165,378-81,490-13,062-4,385-124,075-735,363-126,186-205,61428,343-142,476-83,648-64,691-149,008
Financing Activities
Bank loans00000000000000
Group/Directors Accounts12,67400-256,500250,00069,22100000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000-12,39912,39900000-174,998174,998
share issue-450,000450,00000024,129531,494138,509138,509-8,9620-162,81905,315,367
interest42401,1407,3757,2422,2265782,4583,9934,9287,1067,3126,96524,732
cash flow from financing-436,902450,0001,140-249,125257,24283,177544,471140,967142,502-4,0347,106-155,507-168,0335,515,097
cash and cash equivalents
cash-568,072947,080954,631-640,827676,348364,44863,464-583,99930,235-404,185-10,835116,417-201,4671,283,617
overdraft00000000000000
change in cash-568,072947,080954,631-640,827676,348364,44863,464-583,99930,235-404,185-10,835116,417-201,4671,283,617

P&L

December 2022

turnover

13.7m

+26%

operating profit

1.2m

+13%

gross margin

25.1%

+0.08%

turnover

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

Balance Sheet

December 2022

net assets

6.1m

+0.03%

total assets

7.2m

+0.06%

cash

2m

-0.22%

net assets

Total assets minus all liabilities

binns fencing limited company details

company number

00489736

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

December 1950

age

74

accounts

Full Accounts

ultimate parent company

previous names

N/A

incorporated

UK

address

harvest house, cranborne road, potters bar, hertfordshire, EN6 3JF

last accounts submitted

December 2022

binns fencing 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 8 charges/mortgages relating to binns fencing limited. Currently there are 2 open charges and 6 have been satisfied in the past.

charges

binns fencing limited Companies House Filings - See Documents

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