benson components ltd

benson components ltd Company Information

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Company Number

00503682

Industry

Manufacture of other transport equipment n.e.c.

 

Shareholders

final flourish ltd

Group Structure

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Contact

Registered Address

saxon works, south st, openshaw, manchester, M11 2FY

benson components ltd Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of BENSON COMPONENTS LTD at £2.8m based on a Turnover of £5.9m and 0.46x industry multiple (adjusted for size and gross margin).

benson components ltd Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of BENSON COMPONENTS LTD at £4.4m based on an EBITDA of £1.1m and a 3.97x industry multiple (adjusted for size and gross margin).

benson components ltd Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of BENSON COMPONENTS LTD at £5.4m based on Net Assets of £2.1m and 2.61x industry multiple (adjusted for liquidity).

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Benson Components Ltd Overview

Benson Components Ltd is a live company located in openshaw, M11 2FY with a Companies House number of 00503682. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in January 1952, it's largest shareholder is final flourish ltd with a 100% stake. Benson Components Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with healthy growth in recent years.

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Benson Components Ltd Health Check

Pomanda's financial health check has awarded Benson Components Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £5.9m, make it smaller than the average company (£16.9m)

£5.9m - Benson Components Ltd

£16.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.6%)

14% - Benson Components Ltd

8.6% - Industry AVG

production

Production

with a gross margin of 24.7%, this company has a comparable cost of product (24.7%)

24.7% - Benson Components Ltd

24.7% - Industry AVG

profitability

Profitability

an operating margin of 16.1% make it more profitable than the average company (5.9%)

16.1% - Benson Components Ltd

5.9% - Industry AVG

employees

Employees

with 77 employees, this is similar to the industry average (79)

77 - Benson Components Ltd

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £41k, the company has an equivalent pay structure (£41k)

£41k - Benson Components Ltd

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.3k, this is less efficient (£204k)

£77.3k - Benson Components Ltd

£204k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 9 days, this is earlier than average (65 days)

9 days - Benson Components Ltd

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 81 days, this is slower than average (44 days)

81 days - Benson Components Ltd

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 35 days, this is less than average (84 days)

35 days - Benson Components Ltd

84 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (10 weeks)

6 weeks - Benson Components Ltd

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.1%, this is a lower level of debt than the average (53.9%)

48.1% - Benson Components Ltd

53.9% - Industry AVG

BENSON COMPONENTS LTD financials

EXPORTms excel logo

Benson Components Ltd's latest turnover from December 2023 is estimated at £5.9 million and the company has net assets of £2.1 million. According to their latest financial statements, Benson Components Ltd has 77 employees and maintains cash reserves of £158.9 thousand 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
Turnover5,949,1434,833,3925,234,7093,982,4543,986,8984,795,7434,719,8775,021,1875,715,2756,076,0175,868,2915,577,8917,221,4236,277,0435,439,235
Other Income Or Grants000000000000000
Cost Of Sales4,477,5723,559,3183,902,0852,984,3312,960,7063,428,1193,387,8953,579,5844,002,5534,430,4354,387,5604,178,5025,462,5734,773,2614,282,703
Gross Profit1,471,5711,274,0741,332,624998,1231,026,1921,367,6241,331,9821,441,6031,712,7221,645,5821,480,7311,399,3891,758,8501,503,7821,156,532
Admin Expenses513,700438,1311,224,6171,051,777999,9481,335,5761,282,3621,936,6061,265,7861,134,3071,264,451983,1531,387,2181,086,587950,031
Operating Profit957,871835,943108,007-53,65426,24432,04849,620-495,003446,936511,275216,280416,236371,632417,195206,501
Interest Payable5,49610,75913,52612,78312,04219,51730,03042,5858,21715,72318,26927,77728,67330,33733,901
Interest Receivable8,6636,94047018887346150771571,5693,0524480
Pre-Tax Profit961,037832,12594,951-66,24915,07512,57719,605-537,588438,796495,709199,580391,511342,963386,906172,600
Tax-240,259-158,104-18,0410-2,864-2,390-3,7250-30,620-84,69525,162-13,931-95,588-129,243-40,214
Profit After Tax720,778674,02176,910-66,24912,21110,18715,880-537,588408,176411,014224,742377,580247,375257,663132,386
Dividends Paid00000000633,987132,000127,950217,1501,683,448167,150113,952
Retained Profit720,778674,02176,910-66,24912,21110,18715,880-537,588-225,811279,01496,792160,430-1,436,07390,51318,434
Employee Costs3,159,5522,663,3282,349,4572,057,7322,083,2342,027,9001,985,2592,303,9521,717,5581,750,6501,574,7861,628,1581,974,1781,618,4851,468,321
Number Of Employees776664545656607079797280918476
EBITDA*1,109,869901,674173,22713,39186,37383,86679,866-424,971511,977572,493285,501508,880472,169511,992300,367

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets929,051578,510374,689394,224416,950314,598141,369120,2761,288,0371,082,9401,087,8621,037,3091,206,342742,784733,826
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)1,964,9281,250,483445,390472,501452,674576,823549,829535,565220,995441,611427,606125,23401,544,6201,413,512
Total Fixed Assets2,893,9791,828,993820,079866,725869,624891,421691,198655,8411,509,0321,524,5511,515,4681,162,5431,206,3422,287,4042,147,338
Stock & work in progress436,134370,032651,035470,814556,188579,274619,852438,693606,410492,009523,485572,041483,260478,851483,365
Trade Debtors154,967253,694343,809212,45058,332390,343685,725936,455666,0041,175,0471,359,8991,345,2342,236,8501,199,3451,034,174
Group Debtors000000000000079,49248,104
Misc Debtors326,367247,212322,532236,246169,966149,25184,417137,739515,162117,534116,830211,940186,894133,84291,133
Cash158,891171,113225,474150,277226,3176,5285,772853093402508,4637,0376,5096,324
misc current assets000000034,7890000000
total current assets1,076,3591,042,0511,542,8501,069,7871,010,8031,125,3961,395,7661,547,7611,787,8851,784,9302,000,4642,137,6782,914,0411,898,0391,663,100
total assets3,970,3382,871,0442,362,9291,936,5121,880,4272,016,8172,086,9642,203,6023,296,9173,309,4813,515,9323,300,2214,120,3834,185,4433,810,438
Bank overdraft0080,376136,4260217,548360,747563,242667,813337,917765,380724,782938,692539,179629,420
Bank loan10,00049,375000000042,30000000
Trade Creditors 997,027783,2181,085,680700,568623,785636,219569,032402,620873,311784,849927,645735,4121,258,696760,023681,399
Group/Directors Accounts8,7858,7856,218000000000000
other short term finances000000000000000
hp & lease commitments39,400000000003,37526,10024,82537,42557,35849,443
other current liabilities290,538345,308251,663213,115269,695333,148316,445412,959224,751439,470358,793429,679507,640455,196172,750
total current liabilities1,345,7501,186,6861,423,9371,050,109893,4801,186,9151,246,2241,378,8211,765,8751,607,9112,077,9181,914,6982,742,4531,811,7561,533,012
loans14,16724,16772,586143,450139,240000131,668174,743217,058258,644299,525339,707379,198
hp & lease commitments118,2000000000003,37512,60066,07053,10269,141
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions429,433318,181198,417151,874190,379184,785205,810205,731242,736244,378214,146207,636266,122213,760152,482
total long term liabilities561,800342,348271,003295,324329,619184,785205,810205,731374,404419,121434,579478,880631,717606,569600,821
total liabilities1,907,5501,529,0341,694,9401,345,4331,223,0991,371,7001,452,0341,584,5522,140,2792,027,0322,512,4972,393,5783,374,1702,418,3252,133,833
net assets2,062,7881,342,010667,989591,079657,328645,117634,930619,0501,156,6381,282,4491,003,435906,643746,2131,767,1181,676,605
total shareholders funds2,062,7881,342,010667,989591,079657,328645,117634,930619,0501,156,6381,282,4491,003,435906,643746,2131,767,1181,676,605
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit957,871835,943108,007-53,65426,24432,04849,620-495,003446,936511,275216,280416,236371,632417,195206,501
Depreciation151,99865,73165,22067,04560,12951,81830,24670,03265,04161,21869,22192,644100,53794,79793,866
Amortisation000000000000000
Tax-240,259-158,104-18,0410-2,864-2,390-3,7250-30,620-84,69525,162-13,931-95,588-129,243-40,214
Stock66,102-281,003180,221-85,374-23,086-40,578181,159-167,717114,401-31,476-48,55688,7814,409-4,514483,365
Debtors694,873639,658190,534240,225-435,445-203,554-289,788207,598-332,031-170,143221,927-741,336-533,555370,3762,586,923
Creditors213,809-302,462385,11276,783-12,43467,187166,412-470,69188,462-142,796192,233-523,284498,67378,624681,399
Accruals and Deferred Income-54,77093,64538,548-56,580-63,45316,703-96,514188,208-214,71980,677-70,886-77,96152,444282,446172,750
Deferred Taxes & Provisions111,252119,76446,543-38,5055,594-21,02579-37,005-1,64230,2326,510-58,48652,36261,278152,482
Cash flow from operations378,926295,862254,634-159,762471,747388,473254,747-784,340571,088657,530265,149487,7731,509,206439,235-1,803,504
Investing Activities
capital expenditure-502,539-269,552-45,685-44,319-162,481-225,047-51,3391,097,729-270,138-56,296-119,77476,389-564,095-103,755-827,692
Change in Investments000000000000000
cash flow from investments-502,539-269,552-45,685-44,319-162,481-225,047-51,3391,097,729-270,138-56,296-119,77476,389-564,095-103,755-827,692
Financing Activities
Bank loans-39,37549,375000000-42,30042,30000000
Group/Directors Accounts02,5676,218000000000000
Other Short Term Loans 000000000000000
Long term loans-10,000-48,419-70,8644,210139,24000-131,668-43,075-42,315-41,586-40,881-40,182-39,491379,198
Hire Purchase and Lease Commitments157,6000000000-3,375-26,100-7,950-66,070-6,965-8,124118,584
other long term liabilities000000000000000
share issue00000000100,000000415,16801,658,171
interest3,167-3,819-13,056-12,595-11,169-19,471-30,015-42,585-8,140-15,566-16,700-24,725-28,669-30,289-33,901
cash flow from financing111,392-296-77,702-8,385128,071-19,471-30,015-174,2533,110-41,681-66,236-131,676339,352-77,9042,122,052
cash and cash equivalents
cash-12,222-54,36175,197-76,040219,7897565,687-224-3190-8,2131,4265281856,324
overdraft0-80,376-56,050136,426-217,548-143,199-202,495-104,571329,896-427,46340,598-213,910399,513-90,241629,420
change in cash-12,22226,015131,247-212,466437,337143,955208,182104,347-329,927427,553-48,811215,336-398,98590,426-623,096

benson components ltd 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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Benson Components Ltd Competitor Analysis

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Perform a competitor analysis for benson components ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M11 area or any other competitors across 12 key performance metrics.

benson components ltd Ownership

BENSON COMPONENTS LTD group structure

Benson Components Ltd has no subsidiary companies.

Ultimate parent company

1 parent

BENSON COMPONENTS LTD

00503682

BENSON COMPONENTS LTD Shareholders

final flourish ltd 100%

benson components ltd directors

Benson Components Ltd currently has 6 directors. The longest serving directors include Mr Richard Hewitson (Mar 1998) and Mr Benjamin Hewitson (Nov 2001).

officercountryagestartendrole
Mr Richard HewitsonEngland53 years Mar 1998- Director
Mr Benjamin Hewitson47 years Nov 2001- Director
Mr Daniel Hewitson51 years May 2012- Director
Mrs Helen Hewitson49 years Sep 2024- Director
Mrs Hannah Hewitson41 years Sep 2024- Director
Mrs Clair Hewitson51 years Sep 2024- Director

P&L

December 2023

turnover

5.9m

+23%

operating profit

957.9k

0%

gross margin

24.8%

-6.16%

turnover

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

Balance Sheet

December 2023

net assets

2.1m

+0.54%

total assets

4m

+0.38%

cash

158.9k

-0.07%

net assets

Total assets minus all liabilities

benson components ltd company details

company number

00503682

Type

Private limited with Share Capital

industry

30990 - Manufacture of other transport equipment n.e.c.

incorporation date

January 1952

age

72

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

noble emission systems ltd (February 2024)

benson components limited (October 2015)

accountant

STERLING PARTNERS LIMITED

auditor

-

address

saxon works, south st, openshaw, manchester, M11 2FY

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

benson components ltd 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 11 charges/mortgages relating to benson components ltd. Currently there are 3 open charges and 8 have been satisfied in the past.

charges

benson components ltd Companies House Filings - See Documents

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