wedge group galvanizing limited

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wedge group galvanizing limited Company Information

Share WEDGE GROUP GALVANIZING LIMITED

Company Number

00515891

Shareholders

b e wedge holdings ltd

Group Structure

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Industry

Treatment and coating of metals

 

Registered Address

stafford street, willenhall, west midlands, WV13 1RZ

wedge group galvanizing limited Estimated Valuation

£124.4m

Pomanda estimates the enterprise value of WEDGE GROUP GALVANIZING LIMITED at £124.4m based on a Turnover of £111.5m and 1.11x industry multiple (adjusted for size and gross margin).

wedge group galvanizing limited Estimated Valuation

£132.6m

Pomanda estimates the enterprise value of WEDGE GROUP GALVANIZING LIMITED at £132.6m based on an EBITDA of £16.3m and a 8.12x industry multiple (adjusted for size and gross margin).

wedge group galvanizing limited Estimated Valuation

£117.6m

Pomanda estimates the enterprise value of WEDGE GROUP GALVANIZING LIMITED at £117.6m based on Net Assets of £47.4m and 2.48x industry multiple (adjusted for liquidity).

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Wedge Group Galvanizing Limited Overview

Wedge Group Galvanizing Limited is a live company located in west midlands, WV13 1RZ with a Companies House number of 00515891. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in February 1953, it's largest shareholder is b e wedge holdings ltd with a 100% stake. Wedge Group Galvanizing Limited is a mature, mega sized company, Pomanda has estimated its turnover at £111.5m with healthy growth in recent years.

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Wedge Group Galvanizing Limited Health Check

Pomanda's financial health check has awarded Wedge Group Galvanizing 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 Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £111.5m, make it larger than the average company (£10.4m)

£111.5m - Wedge Group Galvanizing Limited

£10.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (9.1%)

11% - Wedge Group Galvanizing Limited

9.1% - Industry AVG

production

Production

with a gross margin of 31.6%, this company has a comparable cost of product (34.3%)

31.6% - Wedge Group Galvanizing Limited

34.3% - Industry AVG

profitability

Profitability

an operating margin of 10.5% make it as profitable than the average company (11.3%)

10.5% - Wedge Group Galvanizing Limited

11.3% - Industry AVG

employees

Employees

with 924 employees, this is above the industry average (75)

924 - Wedge Group Galvanizing Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.8k, the company has an equivalent pay structure (£40.4k)

£42.8k - Wedge Group Galvanizing Limited

£40.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £120.7k, this is equally as efficient (£125.6k)

£120.7k - Wedge Group Galvanizing Limited

£125.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 75 days, this is later than average (60 days)

75 days - Wedge Group Galvanizing Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 22 days, this is quicker than average (39 days)

22 days - Wedge Group Galvanizing Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 70 days, this is more than average (30 days)

70 days - Wedge Group Galvanizing Limited

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (16 weeks)

23 weeks - Wedge Group Galvanizing Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.7%, this is a lower level of debt than the average (51.4%)

21.7% - Wedge Group Galvanizing Limited

51.4% - Industry AVG

WEDGE GROUP GALVANIZING LIMITED financials

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Wedge Group Galvanizing Limited's latest turnover from March 2024 is £111.5 million and the company has net assets of £47.4 million. According to their latest financial statements, Wedge Group Galvanizing Limited has 924 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover111,540,000110,746,000100,726,00080,949,00086,875,00089,613,00086,971,00080,946,00074,621,00069,356,00062,020,00056,629,00056,829,00056,270,00054,015,000
Other Income Or Grants
Cost Of Sales76,320,00075,473,00067,598,00057,416,00061,406,00063,019,00059,107,00053,999,00050,220,00046,215,00043,515,00040,849,00039,794,00039,709,00037,362,000
Gross Profit35,220,00035,273,00033,128,00023,533,00025,469,00026,594,00027,864,00026,947,00024,401,00023,141,00018,505,00015,780,00017,035,00016,561,00016,653,000
Admin Expenses23,461,00022,328,00019,854,00014,931,00018,608,00018,644,00017,940,00017,438,00016,236,00015,939,00015,532,00013,799,00014,424,00014,646,00013,988,000
Operating Profit11,759,00012,945,00013,274,0008,602,0006,861,0007,950,0009,924,0009,509,0008,165,0007,202,0002,973,0001,981,0002,611,0001,915,0002,665,000
Interest Payable196,000530,000237,000165,000135,000130,000118,000107,00082,00078,000118,000184,000176,000188,000217,000
Interest Receivable256,0002,0002,00021,00066,00093,000101,000187,000164,000147,000164,000169,000173,000140,000181,000
Pre-Tax Profit11,819,00012,417,00013,039,0008,458,0006,792,0007,913,0009,907,0009,589,0008,247,0007,507,0003,019,0001,966,0002,608,0001,867,0002,629,000
Tax-2,940,000-2,243,000-2,366,000-1,602,000-1,233,000-1,511,000-1,973,000-1,055,000-1,645,000-1,157,000-771,000-584,000-676,000-540,000-852,000
Profit After Tax8,879,00010,174,00010,673,0006,856,0005,559,0006,402,0007,934,0008,534,0006,602,0006,350,0002,248,0001,382,0001,932,0001,327,0001,777,000
Dividends Paid8,000,0009,000,0009,000,0006,000,0005,000,0005,000,0006,000,0006,000,0005,000,0002,000,000350,000500,000500,0001,500,000
Retained Profit879,0001,174,0001,673,000856,000559,0001,402,0001,934,0002,534,0001,602,0004,350,0002,248,0001,032,0001,432,000827,000277,000
Employee Costs39,587,00037,604,00035,722,00033,150,00032,311,00032,455,00030,841,00030,175,00028,397,00026,285,00024,426,00023,016,00022,650,00023,128,00022,922,000
Number Of Employees924898882881925896899865829787756742752790814
EBITDA*16,333,00016,947,00016,964,00012,309,00010,717,00011,354,00013,211,00012,708,00010,850,0009,710,0005,488,0004,565,0005,031,0004,409,0005,147,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets16,442,00016,426,00013,219,00012,376,00013,307,00013,375,00011,759,00011,648,00010,906,0008,486,0008,931,0009,258,0008,573,0009,143,0009,750,000
Intangible Assets102,000305,000508,000711,000914,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets16,442,00016,426,00013,219,00012,376,00013,307,00013,375,00011,861,00011,953,00011,414,0009,197,0009,845,0009,258,0008,573,0009,143,0009,750,000
Stock & work in progress14,708,00018,009,00013,758,00010,825,00011,963,00013,016,00013,375,00010,627,0007,107,0008,080,0007,048,0008,054,0007,710,0006,438,0007,060,000
Trade Debtors22,927,00025,104,00021,107,00017,663,00018,040,00019,124,00019,387,00019,258,00014,497,00014,993,00013,971,00012,912,00013,485,00013,953,00012,117,000
Group Debtors619,0001,133,0003,609,0008,757,00010,611,0009,211,0009,994,00011,771,00011,408,0008,211,00010,206,000
Misc Debtors919,0003,519,0001,875,000932,0001,566,000468,000828,000921,0002,149,0001,487,0001,036,000993,000949,0001,084,0001,124,000
Cash4,834,0004,460,00037,569,00030,956,00019,965,00012,283,00010,838,0004,518,0005,337,0005,613,0001,157,000421,000265,0008,000298,000
misc current assets
total current assets44,007,00051,092,00074,309,00060,376,00051,534,00046,024,00048,037,00044,081,00039,701,00039,384,00033,206,00034,151,00033,817,00029,694,00030,805,000
total assets60,449,00067,518,00087,528,00072,752,00064,841,00059,399,00059,898,00056,034,00051,115,00048,581,00043,051,00043,409,00042,390,00038,837,00040,555,000
Bank overdraft527,000586,000674,000854,000854,000854,0004,479,0003,459,000458,0003,794,000
Bank loan105,000157,000472,000527,000
Trade Creditors 4,720,0005,324,0006,891,0004,442,0004,825,0005,371,0005,915,0005,690,0004,451,0004,497,0003,579,0003,403,0004,222,0003,832,0003,380,000
Group/Directors Accounts12,0007,720,00027,718,00016,662,0008,754,000178,00077,00033,00014,00058,00025,00019,0007,00064,000
other short term finances
hp & lease commitments227,000619,0001,014,0001,777,0002,149,0002,052,0001,688,0001,241,000872,000988,0001,549,0001,904,0001,956,0001,836,000
other current liabilities6,109,0005,624,0005,841,0005,385,0003,717,0004,179,0005,048,0004,407,0004,040,0004,222,0003,215,0002,696,0002,527,0002,887,0002,184,000
total current liabilities10,841,00019,000,00041,226,00027,975,00019,600,00012,404,00013,678,00012,492,00010,586,00010,459,0008,694,00012,152,00012,131,0009,140,00011,258,000
loans105,000262,000734,0001,261,0001,056,000376,000842,0001,696,0002,550,0001,594,000
hp & lease commitments41,000268,000887,0001,735,0003,512,0004,343,0004,216,0003,271,0001,661,0001,209,0001,339,0002,882,0003,617,0003,885,000
Accruals and Deferred Income
other liabilities
provisions2,254,0002,002,000628,0009,00010,00073,00073,00024,000207,000181,000266,000401,000560,000
total long term liabilities2,254,0002,043,0001,001,0001,149,0002,469,0004,782,0005,409,0004,665,0004,186,0003,381,0003,966,0003,114,0003,148,0004,018,0004,445,000
total liabilities13,095,00021,043,00042,227,00029,124,00022,069,00017,186,00019,087,00017,157,00014,772,00013,840,00012,660,00015,266,00015,279,00013,158,00015,703,000
net assets47,354,00046,475,00045,301,00043,628,00042,772,00042,213,00040,811,00038,877,00036,343,00034,741,00030,391,00028,143,00027,111,00025,679,00024,852,000
total shareholders funds47,354,00046,475,00045,301,00043,628,00042,772,00042,213,00040,811,00038,877,00036,343,00034,741,00030,391,00028,143,00027,111,00025,679,00024,852,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit11,759,00012,945,00013,274,0008,602,0006,861,0007,950,0009,924,0009,509,0008,165,0007,202,0002,973,0001,981,0002,611,0001,915,0002,665,000
Depreciation4,574,0004,002,0003,690,0003,707,0003,856,0003,302,0003,084,0002,996,0002,482,0002,305,0002,413,0002,584,0002,420,0002,494,0002,482,000
Amortisation102,000203,000203,000203,000203,000102,000
Tax-2,940,000-2,243,000-2,366,000-1,602,000-1,233,000-1,511,000-1,973,000-1,055,000-1,645,000-1,157,000-771,000-584,000-676,000-540,000-852,000
Stock-3,301,0004,251,0002,933,000-1,138,000-1,053,000-359,0002,748,0003,520,000-973,0001,032,000-1,006,000344,0001,272,000-622,0007,060,000
Debtors-4,158,0005,641,0004,387,000-1,011,000-1,119,000-3,099,000-5,112,0001,679,0001,566,000690,000-675,000-166,0002,594,000-199,00023,447,000
Creditors-604,000-1,567,0002,449,000-383,000-546,000-544,000225,0001,239,000-46,000918,000176,000-819,000390,000452,0003,380,000
Accruals and Deferred Income485,000-217,000456,0001,668,000-462,000-869,000641,000367,000-182,0001,007,000519,000169,000-360,000703,0002,184,000
Deferred Taxes & Provisions252,0001,374,000628,000-9,000-1,000-63,00049,000-183,00026,000-85,000-135,000-159,000560,000
Cash flow from operations20,985,0004,402,00010,811,00014,141,00010,639,00011,887,00014,405,0008,060,0008,433,0008,573,0007,119,0003,068,000384,0005,686,000-20,088,000
Investing Activities
capital expenditure-4,590,000-7,209,000-4,533,000-2,776,000-3,788,000-4,918,000-3,195,000-3,738,000-4,902,000-1,860,000-3,102,000-3,269,000-1,850,000-1,887,000-12,232,000
Change in Investments
cash flow from investments-4,590,000-7,209,000-4,533,000-2,776,000-3,788,000-4,918,000-3,195,000-3,738,000-4,902,000-1,860,000-3,102,000-3,269,000-1,850,000-1,887,000-12,232,000
Financing Activities
Bank loans-105,000-52,000-315,000-55,000527,000
Group/Directors Accounts-7,708,000-19,998,00011,056,0007,908,0008,576,000101,00044,00033,000-14,000-44,00033,0006,00012,000-57,00064,000
Other Short Term Loans
Long term loans-105,000-157,000-472,000-527,000205,000680,000-466,000-854,000-854,000956,0001,594,000
Hire Purchase and Lease Commitments-268,000-619,000-1,014,000-1,611,000-2,149,000-734,000491,0001,392,0001,979,000336,000-691,000-1,898,000-787,000-148,0005,721,000
other long term liabilities
share issue24,575,000
interest60,000-528,000-235,000-144,000-69,000-37,000-17,00080,00082,00069,00046,000-15,000-3,000-48,000-36,000
cash flow from financing-8,021,000-21,302,0009,335,0005,626,0006,358,000-465,0001,198,0001,039,0001,193,000-493,000344,000-313,000-778,000-253,00030,324,000
cash and cash equivalents
cash374,000-33,109,0006,613,00010,991,0007,682,0001,445,0006,320,000-819,000-276,0004,456,000736,000156,000257,000-290,000298,000
overdraft-527,000-59,000-88,000-180,000-3,625,0001,020,0003,001,000-3,336,0003,794,000
change in cash374,000-33,109,0006,613,00010,991,0008,209,0001,504,0006,408,000-639,000-276,0004,456,0004,361,000-864,000-2,744,0003,046,000-3,496,000

wedge group galvanizing limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wedge Group Galvanizing Limited Competitor Analysis

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Perform a competitor analysis for wedge group galvanizing limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in WV13 area or any other competitors across 12 key performance metrics.

wedge group galvanizing limited Ownership

WEDGE GROUP GALVANIZING LIMITED group structure

Wedge Group Galvanizing Limited has no subsidiary companies.

Ultimate parent company

1 parent

WEDGE GROUP GALVANIZING LIMITED

00515891

WEDGE GROUP GALVANIZING LIMITED Shareholders

b e wedge holdings ltd 100%

wedge group galvanizing limited directors

Wedge Group Galvanizing Limited currently has 8 directors. The longest serving directors include Mr Jeremy Woolridge (Mar 1991) and Mr Andrew Haworth (Apr 2005).

officercountryagestartendrole
Mr Jeremy Woolridge80 years Mar 1991- Director
Mr Andrew Haworth57 years Apr 2005- Director
Mr Jonathan ParsonsUnited Kingdom58 years Feb 2006- Director
Mr Christopher WoolridgeEngland45 years Oct 2008- Director
Mr Warren Bulger51 years Oct 2016- Director
Mr David Nobes57 years Jan 2019- Director
Mr Adam Gibson43 years Apr 2022- Director
Mr Andrew Harrison53 years Apr 2022- Director

P&L

March 2024

turnover

111.5m

+1%

operating profit

11.8m

-9%

gross margin

31.6%

-0.86%

turnover

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

Balance Sheet

March 2024

net assets

47.4m

+0.02%

total assets

60.4m

-0.1%

cash

4.8m

+0.08%

net assets

Total assets minus all liabilities

wedge group galvanizing limited company details

company number

00515891

Type

Private limited with Share Capital

industry

25610 - Treatment and coating of metals

incorporation date

February 1953

age

72

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

b.e. wedge limited (November 1997)

accountant

-

auditor

MURAS BAKER JONES LIMITED

address

stafford street, willenhall, west midlands, WV13 1RZ

Bank

HSBC BANK PLC

Legal Advisor

-

wedge group galvanizing 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 5 charges/mortgages relating to wedge group galvanizing limited. Currently there are 1 open charges and 4 have been satisfied in the past.

wedge group galvanizing 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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wedge group galvanizing limited Companies House Filings - See Documents

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