berwin rubber company limited

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berwin rubber company limited Company Information

Share BERWIN RUBBER COMPANY LIMITED

Company Number

00524814

Shareholders

berwin group

Group Structure

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Industry

Manufacture of other rubber products

 

Registered Address

broadway, globe lane industrial estate, dukinfield, cheshire, SK16 4UJ

berwin rubber company limited Estimated Valuation

£56.9m

Pomanda estimates the enterprise value of BERWIN RUBBER COMPANY LIMITED at £56.9m based on a Turnover of £44.2m and 1.29x industry multiple (adjusted for size and gross margin).

berwin rubber company limited Estimated Valuation

£28.5m

Pomanda estimates the enterprise value of BERWIN RUBBER COMPANY LIMITED at £28.5m based on an EBITDA of £2.5m and a 11.58x industry multiple (adjusted for size and gross margin).

berwin rubber company limited Estimated Valuation

£34.5m

Pomanda estimates the enterprise value of BERWIN RUBBER COMPANY LIMITED at £34.5m based on Net Assets of £17.7m and 1.95x industry multiple (adjusted for liquidity).

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Berwin Rubber Company Limited Overview

Berwin Rubber Company Limited is a live company located in dukinfield, SK16 4UJ with a Companies House number of 00524814. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in October 1953, it's largest shareholder is berwin group with a 100% stake. Berwin Rubber Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £44.2m with healthy growth in recent years.

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Berwin Rubber Company Limited Health Check

Pomanda's financial health check has awarded Berwin Rubber Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £44.2m, make it larger than the average company (£14.6m)

£44.2m - Berwin Rubber Company Limited

£14.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.9%)

15% - Berwin Rubber Company Limited

5.9% - Industry AVG

production

Production

with a gross margin of 38%, this company has a lower cost of product (28.7%)

38% - Berwin Rubber Company Limited

28.7% - Industry AVG

profitability

Profitability

an operating margin of 3.9% make it less profitable than the average company (5%)

3.9% - Berwin Rubber Company Limited

5% - Industry AVG

employees

Employees

with 154 employees, this is above the industry average (78)

154 - Berwin Rubber Company Limited

78 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.2k, the company has an equivalent pay structure (£45.1k)

£44.2k - Berwin Rubber Company Limited

£45.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £286.9k, this is more efficient (£193.4k)

£286.9k - Berwin Rubber Company Limited

£193.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (55 days)

66 days - Berwin Rubber Company Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 93 days, this is slower than average (44 days)

93 days - Berwin Rubber Company Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 52 days, this is less than average (77 days)

52 days - Berwin Rubber Company Limited

77 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (8 weeks)

14 weeks - Berwin Rubber Company Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.8%, this is a higher level of debt than the average (41.4%)

55.8% - Berwin Rubber Company Limited

41.4% - Industry AVG

BERWIN RUBBER COMPANY LIMITED financials

EXPORTms excel logo

Berwin Rubber Company Limited's latest turnover from December 2023 is £44.2 million and the company has net assets of £17.7 million. According to their latest financial statements, Berwin Rubber Company Limited has 154 employees and maintains cash reserves of £6.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover44,182,13351,317,01938,017,75829,250,29626,095,83426,261,69424,900,14430,108,42226,672,83132,984,10730,374,36237,002,10631,213,29324,083,73121,417,159
Other Income Or Grants
Cost Of Sales27,375,62733,196,21923,462,63917,077,47317,137,83917,737,28516,813,09119,222,49217,522,27022,325,81024,035,92425,331,51521,252,19616,151,996
Gross Profit16,806,50618,120,80014,555,11912,172,8238,957,9958,524,4098,087,05310,885,9309,150,56110,658,2976,338,43811,670,5919,961,0977,931,735
Admin Expenses15,104,15716,983,78212,032,40910,808,0507,181,0977,219,8557,114,4179,278,5097,664,5068,109,2024,324,85110,031,8698,397,6816,755,177-1,015,386
Operating Profit1,702,3491,137,0182,522,7101,364,7731,776,8981,304,554972,6361,607,4211,486,0552,549,0952,013,5871,638,7221,563,4161,176,5581,015,386
Interest Payable2,61713,40533,28232,24573,276162,799148,919122,927165,997
Interest Receivable283,02971,2268,19717,19810,77310,0817,5901881,0132,55672910
Pre-Tax Profit1,985,378-1,322,3122,520,0931,372,9701,794,0961,315,326982,7171,601,6061,452,9612,892,8631,942,8671,475,9301,780,8321,053,641849,389
Tax-564,147414,399-636,472-283,082-344,563-270,339-209,413-305,569-266,970-466,743-474,485-372,765-479,715-257,11835,618
Profit After Tax1,421,231-907,9131,883,6211,089,8881,449,5331,044,987773,3041,296,0371,185,9912,426,1201,468,3821,103,1651,301,117796,523885,007
Dividends Paid250,000500,000500,000550,000400,0001,000,000300,000
Retained Profit1,421,231-907,9131,883,6211,089,8881,449,5331,044,987773,3041,046,037685,9911,926,120918,382703,165301,117496,523885,007
Employee Costs6,807,1947,524,5725,441,4605,472,7813,348,6663,049,2273,383,8354,982,5434,050,1464,668,3573,899,2373,903,0043,660,6392,959,4603,220,333
Number Of Employees154192153154959393106120123124132119111123
EBITDA*2,465,1741,790,4973,151,6842,336,2402,362,5872,065,0171,659,5342,520,5402,126,8023,041,7732,439,2012,107,2042,015,6381,596,5101,648,411

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets4,608,4794,128,9312,979,8822,801,0672,038,1081,984,0202,603,5572,712,8493,231,8923,411,5902,734,9212,608,8872,390,0812,602,1132,745,704
Intangible Assets1,572,3751,834,4371,890,2762,035,682
Investments & Other200200200200200200200
Debtors (Due After 1 year)6,049,0523,432,9184,686,5744,282,3864,112,0254,606,031
Total Fixed Assets6,180,8545,963,3684,870,1584,836,7492,038,1081,984,0202,603,5572,712,8493,232,0929,460,8426,168,0397,295,6616,672,6676,714,3387,351,935
Stock & work in progress3,972,2064,148,5572,559,1672,586,4261,477,6172,034,1351,942,1271,028,098990,8811,207,2121,230,7191,984,2592,992,4552,050,3971,069,506
Trade Debtors8,102,73712,041,4118,467,4315,932,3325,107,9315,791,2435,197,9894,506,0246,180,2617,756,8177,650,3908,129,3447,725,4545,562,9224,482,528
Group Debtors15,143,32611,673,53912,998,82914,557,7669,822,4129,810,0069,837,2948,949,3847,608,211
Misc Debtors443,0331,108,724321,893263,75498,494126,74096,326192,483162,336199,303128,826113,408204,180132,096134,804
Cash6,161,2294,005,3523,999,2804,096,4753,734,9992,315,2461,309,3681,759,836929,702398,759355144,97241679,59829,093
misc current assets
total current assets33,822,53132,977,58328,346,60027,436,75320,241,45320,077,37018,383,10416,435,82515,871,3919,562,0919,010,29010,371,98310,922,5057,825,0135,715,931
total assets40,003,38538,940,95133,216,75832,273,50222,279,56122,061,39020,986,66119,148,67419,103,48319,022,93315,178,32917,667,64417,595,17214,539,35113,067,866
Bank overdraft1,190,332258,655
Bank loan
Trade Creditors 6,995,4367,557,9355,868,2644,842,5173,444,8944,810,0514,712,9532,824,4984,450,5204,729,6945,063,3605,570,2726,084,1774,583,2393,333,089
Group/Directors Accounts11,946,85012,040,5718,205,64210,192,3973,522,5463,622,1383,744,1443,928,8263,835,9263,415,723380,385619,529619,529200589,978
other short term finances
hp & lease commitments
other current liabilities2,761,0492,677,1221,637,5061,806,320989,101845,927721,8291,325,804693,5791,477,2911,140,4624,986,6254,837,4764,441,0284,151,497
total current liabilities21,703,33522,275,62815,711,41216,841,2347,956,5419,278,1169,178,9268,079,1288,980,0259,622,7087,774,53911,176,42611,799,8379,024,4678,074,564
loans20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00023,60532,257
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions610,994397,498329,608140,151120,79130,578100,026135,141235,090197,848127,535133,345140,627157,688123,977
total long term liabilities630,994417,498349,608160,151140,79150,578120,026155,141255,090217,848147,535153,345160,627181,293156,234
total liabilities22,334,32922,693,12616,061,02017,001,3858,097,3329,328,6949,298,9528,234,2699,235,1159,840,5567,922,07411,329,77111,960,4649,205,7608,230,798
net assets17,669,05616,247,82517,155,73815,272,11714,182,22912,732,69611,687,70910,914,4059,868,3689,182,3777,256,2556,337,8735,634,7085,333,5914,837,068
total shareholders funds17,669,05616,247,82517,155,73815,272,11714,182,22912,732,69611,687,70910,914,4059,868,3689,182,3777,256,2556,337,8735,634,7085,333,5914,837,068
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit1,702,3491,137,0182,522,7101,364,7731,776,8981,304,554972,6361,607,4211,486,0552,549,0952,013,5871,638,7221,563,4161,176,5581,015,386
Depreciation500,763508,073483,568825,961585,689760,463686,898913,119640,747492,678425,614468,482452,222419,952633,025
Amortisation262,062145,406145,406145,506
Tax-564,147414,399-636,472-283,082-344,563-270,339-209,413-305,569-266,970-466,743-474,485-372,765-479,715-257,11835,618
Stock-176,3511,589,390-27,2591,108,809-556,51892,008914,02937,217-216,331-23,507-753,540-1,008,196942,058980,8911,069,506
Debtors-1,134,5783,035,5211,034,3015,725,015-699,152596,3801,483,718-302,917-54,3642,793,038-1,717,192717,3062,404,977583,6809,223,363
Creditors-562,4991,689,6711,025,7471,397,623-1,365,15797,0981,888,455-1,626,022-279,174-333,666-506,912-513,9051,500,9381,250,1503,333,089
Accruals and Deferred Income83,9271,039,616-168,814817,219143,174124,098-603,975632,225-783,712336,829-3,846,163149,149396,448289,5314,151,497
Deferred Taxes & Provisions213,49667,890189,45719,36090,213-69,448-35,115-99,94937,24270,313-5,810-7,282-17,06133,711123,977
Cash flow from operations2,946,880377,1622,554,560-2,546,4642,141,9241,258,038301,7391,386,9251,104,883-121,02576,5631,653,29169,2131,348,213-1,000,277
Investing Activities
capital expenditure-980,311-1,746,689-662,383-3,770,108-639,777-140,926-577,606-394,076-461,049-1,169,347-551,648-687,288-240,190-276,361-3,378,729
Change in Investments-200200
cash flow from investments-980,311-1,746,689-662,383-3,770,108-639,777-140,926-577,606-393,876-461,049-1,169,347-551,648-687,288-240,190-276,361-3,378,929
Financing Activities
Bank loans
Group/Directors Accounts-93,7213,834,929-1,986,7556,669,851-99,592-122,006-184,68292,900420,2033,035,338-239,144619,329-589,778589,978
Other Short Term Loans
Long term loans-3,605-8,65232,257
Hire Purchase and Lease Commitments
other long term liabilities
share issue23,952,061
interest283,02971,226-2,6178,19717,19810,77310,081-5,815-33,094-31,232-70,720-162,792-148,890-122,917-165,997
cash flow from financing189,3083,906,155-1,989,3726,678,048-82,394-111,233-174,60187,085387,1093,004,108-309,864-162,792466,834-721,3474,408,299
cash and cash equivalents
cash2,155,8776,072-97,195361,4761,419,7531,005,878-450,468830,134530,943398,404-144,617144,556-79,18250,50529,093
overdraft-1,190,3321,190,332-258,655258,655
change in cash2,155,8776,072-97,195361,4761,419,7531,005,878-450,468830,134530,9431,588,736-1,334,949403,211-337,83750,50529,093

berwin rubber company limited Credit Report and Business Information

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Berwin Rubber Company Limited Competitor Analysis

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Perform a competitor analysis for berwin rubber company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in SK16 area or any other competitors across 12 key performance metrics.

berwin rubber company limited Ownership

BERWIN RUBBER COMPANY LIMITED group structure

Berwin Rubber Company Limited has no subsidiary companies.

Ultimate parent company

HEXPOL AB

#0073702

2 parents

BERWIN RUBBER COMPANY LIMITED

00524814

BERWIN RUBBER COMPANY LIMITED Shareholders

berwin group 100%

berwin rubber company limited directors

Berwin Rubber Company Limited currently has 5 directors. The longest serving directors include Mr Ralph Wolkener (Jun 2016) and Mr Carsten Ruter (Jun 2016).

officercountryagestartendrole
Mr Ralph WolkenerLuxembourg54 years Jun 2016- Director
Mr Carsten RuterLuxembourg53 years Jun 2016- Director
Mr Joseph Dowdall61 years Dec 2017- Director
Mr Peter Rosen56 years Apr 2020- Director
Mr Daniel Shea41 years Sep 2024- Director

P&L

December 2023

turnover

44.2m

-14%

operating profit

1.7m

+50%

gross margin

38.1%

+7.72%

turnover

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

Balance Sheet

December 2023

net assets

17.7m

+0.09%

total assets

40m

+0.03%

cash

6.2m

+0.54%

net assets

Total assets minus all liabilities

berwin rubber company limited company details

company number

00524814

Type

Private limited with Share Capital

industry

22190 - Manufacture of other rubber products

incorporation date

October 1953

age

72

incorporated

UK

ultimate parent company

HEXPOL AB

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

AZETS AUDIT SERVICES

address

broadway, globe lane industrial estate, dukinfield, cheshire, SK16 4UJ

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

berwin rubber company 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 18 charges/mortgages relating to berwin rubber company limited. Currently there are 5 open charges and 13 have been satisfied in the past.

berwin rubber company 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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berwin rubber company limited Companies House Filings - See Documents

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