Vernier Springs And Pressings Limited

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vernier springs and pressings limited Company Information

Live

MatureMidLow

Company Number

00596653

Website

www.verniersprings.com

Registered Address

fox house edward street, redditch, worcestershire, B97 6HA

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01527582950

Next Accounts Due

August 2024

Group Structure

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Directors

Gavin Hawkins25 Years

Wayne Hawkins25 Years

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Shareholders

worcestershire metal holdings ltd 81%

john hollington 9.2%

View All

vernier springs and pressings limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of VERNIER SPRINGS AND PRESSINGS LIMITED at £4.5m based on Net Assets of £2.1m and 2.19x industry multiple (adjusted for liquidity).

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Vernier Springs And Pressings Limited AI Business Plan

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Vernier Springs And Pressings Limited is a live company located in worcestershire, B97 6HA with a Companies House number of 00596653. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 1958, it's largest shareholder is worcestershire metal holdings ltd with a 81% stake. Vernier Springs And Pressings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with low growth in recent years.

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Pomanda's financial health check has awarded Vernier Springs And Pressings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (1.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VERNIER SPRINGS AND PRESSINGS LIMITED group structure

Vernier Springs And Pressings Limited has no subsidiary companies.

Ultimate parent company

VERNIER METAL PRODUCTS LIMITED

10689706

WORCESTERSHIRE METAL HOLDINGS LIMITED

00338560

2 parents

VERNIER SPRINGS AND PRESSINGS LIMITED

00596653

VERNIER SPRINGS AND PRESSINGS LIMITED Shareholders

worcestershire metal holdings ltd	80.98%
john hollington	9.2%
david mark pickering	6.13%
executors of estate of edith joan burman	3.68%

Vernier Springs And Pressings Limited currently has 5 directors. The longest serving directors include Mr Gavin Hawkins (Jan 1999) and Mr Wayne Hawkins (Jan 1999).

officer	country	age	start	end	role
Mr Gavin Hawkins		60 years	Jan 1999	-	Director
Mr Wayne Hawkins	United Kingdom	54 years	Jan 1999	-	Director
Mr Ian Chatwin		55 years	May 2001	-	Director
Mr Kevin Stanley		56 years	Apr 2017	-	Director
Mr Corin Davies		52 years	Apr 2017	-	Director

EXPORT

Vernier Springs And Pressings Limited's latest turnover from November 2022 is estimated at £5.1 million and the company has net assets of £2.1 million. According to their latest financial statements, Vernier Springs And Pressings Limited has 57 employees and maintains cash reserves of £42.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Jun 2010
Turnover	5,121,690	5,016,378	5,874,421	4,709,258	7,649,001	3,926,743	4,001,652	4,749,594	4,073,545	4,350,735	3,945,980	6,642,538	7,595,005
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,569,572	3,569,258	4,099,054	3,309,537	5,397,058	2,713,102	2,759,489	3,229,960	2,843,600	3,031,781	2,761,147	4,630,898	5,216,944
Gross Profit	1,552,118	1,447,120	1,775,367	1,399,721	2,251,943	1,213,641	1,242,163	1,519,634	1,229,945	1,318,954	1,184,833	2,011,640	2,378,061
Admin Expenses	1,200,912	1,126,399	1,628,755	1,039,881	2,007,833	1,029,494	1,180,318	1,437,792	1,221,547	1,289,830	1,181,879	2,876,895	305,534
Operating Profit	351,206	320,721	146,612	359,840	244,110	184,147	61,845	81,842	8,398	29,124	2,954	-865,255	2,072,527
Interest Payable	16,023	13,633	9,075	1,732	1,406	1,354	0	0	0	0	0	0	0
Interest Receivable	3,006	103	82	646	822	493	108	132	99	99	4	132	129
Pre-Tax Profit	338,189	307,191	137,619	358,754	243,526	183,286	61,953	81,974	8,497	29,223	2,958	-865,123	2,072,657
Tax	-64,256	-58,366	-26,148	-68,163	-46,270	-34,824	-12,390	-16,395	-1,784	-6,721	-710	0	-580,344
Profit After Tax	273,933	248,825	111,471	290,591	197,256	148,462	49,562	65,579	6,713	22,502	2,248	-865,123	1,492,313
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	273,933	248,825	111,471	290,591	197,256	148,462	49,562	65,579	6,713	22,502	2,248	-865,123	1,492,313
Employee Costs	2,073,961	2,439,502	2,359,764	2,187,579	2,144,788	2,016,445	1,975,758	1,251,478	1,124,704	1,131,382	1,010,752	1,751,569	2,127,080
Number Of Employees	57	69	66	62	63	61	60	39	36	36	33	59	74
EBITDA*	593,834	564,276	335,512	365,565	332,865	325,806	227,084	260,062	190,471	193,210	172,744	-618,025	2,273,366

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Jun 2010
Tangible Assets	887,434	872,482	923,978	701,410	443,322	222,601	267,513	382,916	435,398	539,945	639,152	603,765	892,639
Intangible Assets	0	0	0	5,726	11,451	17,176	22,901	28,626	31,961	35,296	38,631	41,966	46,691
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	341,292
Total Fixed Assets	887,434	872,482	923,978	707,136	454,773	239,777	290,414	411,542	467,359	575,241	677,783	645,731	1,280,622
Stock & work in progress	975,355	765,338	561,489	586,878	621,348	537,257	608,229	699,447	617,806	742,295	812,851	803,007	810,392
Trade Debtors	708,578	568,640	981,808	619,435	1,809,185	446,074	410,285	817,356	707,673	631,911	499,774	1,200,942	1,402,022
Group Debtors	1,742,423	1,625,675	1,462,783	1,287,083	0	924,259	489,579	0	0	0	0	0	0
Misc Debtors	86,437	169,224	142,655	190,122	0	175,792	162,882	0	0	0	0	0	0
Cash	42,228	158,176	47,302	116,156	56,215	163,109	34,266	52,043	615	39,137	560	1,048	51,785
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,555,021	3,287,053	3,196,037	2,799,674	2,486,748	2,246,491	1,705,241	1,568,846	1,326,094	1,413,343	1,313,185	2,004,997	2,264,199
total assets	4,442,455	4,159,535	4,120,015	3,506,810	2,941,521	2,486,268	1,995,655	1,980,388	1,793,453	1,988,584	1,990,968	2,650,728	3,544,821
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	45,454	45,455	0	0	0	41,667	0	0	0	0	0	0	0
Trade Creditors	1,257,570	1,245,273	1,164,348	1,060,296	1,532,143	897,145	857,267	1,186,337	1,034,533	1,176,141	1,104,295	1,938,796	1,920,248
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	45,455	51,333	0	0	0	0	0	0	0	0	0
hp & lease commitments	152,528	156,348	176,168	137,629	0	13,553	11,582	0	0	0	0	0	0
other current liabilities	391,338	397,124	483,843	432,823	0	420,064	305,190	0	0	0	0	0	0
total current liabilities	1,846,890	1,844,200	1,869,814	1,682,081	1,532,143	1,372,429	1,174,039	1,186,337	1,034,533	1,176,141	1,104,295	1,938,796	1,920,248
loans	109,849	155,303	200,758	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	250,427	192,374	336,364	246,601	0	2,962	4,666	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	35,448	45,718	35,727	56,608	234,072	163,367	14,221	25,868	58,029	107,100	199,078	20,359	46,490
provisions	147,359	143,391	147,628	103,267	47,644	17,104	20,785	35,801	34,088	45,253	50,007	56,233	77,620
total long term liabilities	543,083	536,786	720,477	406,476	281,716	183,433	39,672	61,669	92,117	152,353	249,085	76,592	124,110
total liabilities	2,389,973	2,380,986	2,590,291	2,088,557	1,813,859	1,555,862	1,213,711	1,248,006	1,126,650	1,328,494	1,353,380	2,015,388	2,044,358
net assets	2,052,482	1,778,549	1,529,724	1,418,253	1,127,662	930,406	781,944	732,382	666,803	660,090	637,588	635,340	1,500,463
total shareholders funds	2,052,482	1,778,549	1,529,724	1,418,253	1,127,662	930,406	781,944	732,382	666,803	660,090	637,588	635,340	1,500,463

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Jun 2010
Operating Activities
Operating Profit	351,206	320,721	146,612	359,840	244,110	184,147	61,845	81,842	8,398	29,124	2,954	-865,255	2,072,527
Depreciation	242,628	243,555	183,174	5,725	83,030	135,934	159,514	174,885	178,738	160,751	166,455	242,505	197,503
Amortisation	0	0	5,726	0	5,725	5,725	5,725	3,335	3,335	3,335	3,335	4,725	3,336
Tax	-64,256	-58,366	-26,148	-68,163	-46,270	-34,824	-12,390	-16,395	-1,784	-6,721	-710	0	-580,344
Stock	210,017	203,849	-25,389	-34,470	84,091	-70,972	-91,218	81,641	-124,489	-70,556	9,844	-7,385	810,392
Debtors	173,899	-223,707	490,606	287,455	263,060	483,379	245,390	109,683	75,762	132,137	-701,168	-542,372	1,743,314
Creditors	12,297	80,925	104,052	-471,847	634,998	39,878	-329,070	151,804	-141,608	71,846	-834,501	18,548	1,920,248
Accruals and Deferred Income	-5,786	-86,719	51,020	432,823	-420,064	114,874	305,190	0	0	0	0	0	0
Deferred Taxes & Provisions	3,968	-4,237	44,361	55,623	30,540	-3,681	-15,016	1,713	-11,165	-4,754	-6,226	-21,387	77,620
Cash flow from operations	156,141	515,737	43,580	61,016	184,918	29,646	21,626	205,860	84,641	192,000	22,631	-71,107	1,137,184
Investing Activities
capital expenditure	-257,580	-192,059	-405,742	-258,088	-303,751	-91,022	-44,111	-122,403	-74,191	-61,544	-201,842	46,369	-1,140,169
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-257,580	-192,059	-405,742	-258,088	-303,751	-91,022	-44,111	-122,403	-74,191	-61,544	-201,842	46,369	-1,140,169
Financing Activities
Bank loans	-1	45,455	0	0	-41,667	41,667	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	-45,455	-5,878	51,333	0	0	0	0	0	0	0	0	0
Long term loans	-45,454	-45,455	200,758	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	54,233	-163,810	128,302	384,230	-16,515	267	16,248	0	0	0	0	0	0
other long term liabilities	-10,270	9,991	-20,881	-177,464	70,705	149,146	-11,647	-32,161	-49,071	-91,978	178,719	-26,131	46,490
share issue	0	0	0	0	0	0	0	0	0	0	0	0	8,150
interest	-13,017	-13,530	-8,993	-1,086	-584	-861	108	132	99	99	4	132	129
cash flow from financing	-14,509	-212,804	293,308	257,013	11,939	190,219	4,709	-32,029	-48,972	-91,879	178,723	-25,999	54,769
cash and cash equivalents
cash	-115,948	110,874	-68,854	59,941	-106,894	128,843	-17,777	51,428	-38,522	38,577	-488	-50,737	51,785
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-115,948	110,874	-68,854	59,941	-106,894	128,843	-17,777	51,428	-38,522	38,577	-488	-50,737	51,785

P&L

November 2022

turnover

5.1m

+2%

operating profit

351.2k

gross margin

30.4%

+5.05%

turnover

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

Balance Sheet

November 2022

net assets

2.1m

+0.15%

total assets

4.4m

+0.07%

cash

42.2k

-0.73%

net assets

Total assets minus all liabilities

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company number

00596653

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

January 1958

age

accounts

Total Exemption Full

ultimate parent company

VERNIER METAL PRODUCTS LIMITED

previous names

vernier spring company limited(the) (June 2003)

incorporated

address

fox house edward street, redditch, worcestershire, B97 6HA

last accounts submitted

November 2022

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 vernier springs and pressings limited. Currently there are 5 open charges and 13 have been satisfied in the past.

vernier springs and pressings limited Company Information

vernier springs and pressings limited Estimated Valuation

vernier springs and pressings limited Estimated Valuation

vernier springs and pressings limited Estimated Valuation

Vernier Springs And Pressings Limited AI Business Plan

Vernier Springs And Pressings Limited Overview

Vernier Springs And Pressings Limited Health Check

vernier springs and pressings limited Credit Report and Business Information

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vernier springs and pressings limited Ownership

vernier springs and pressings limited directors

VERNIER SPRINGS AND PRESSINGS LIMITED financials

vernier springs and pressings limited company details

vernier springs and pressings limited Charges & Mortgages

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