boardman transformers limited

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boardman transformers limited Company Information

Share BOARDMAN TRANSFORMERS LIMITED

Company Number

00624978

Directors

Paul Boardman

Shareholders

bluefield holdings limited

dorothy boardman

Group Structure

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Industry

Manufacture of electric motors, generators and transformers

 

Registered Address

units 1&2 low mill business park, watery lane, ulverston, cumbria, LA12 9EE

boardman transformers limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of BOARDMAN TRANSFORMERS LIMITED at £1.6m based on a Turnover of £1.9m and 0.85x industry multiple (adjusted for size and gross margin).

boardman transformers limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of BOARDMAN TRANSFORMERS LIMITED at £1.3m based on an EBITDA of £270.7k and a 4.81x industry multiple (adjusted for size and gross margin).

boardman transformers limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of BOARDMAN TRANSFORMERS LIMITED at £2.5m based on Net Assets of £1.2m and 2.1x industry multiple (adjusted for liquidity).

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Boardman Transformers Limited Overview

Boardman Transformers Limited is a live company located in ulverston, LA12 9EE with a Companies House number of 00624978. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in April 1959, it's largest shareholder is bluefield holdings limited with a 99.7% stake. Boardman Transformers Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Boardman Transformers Limited Health Check

Pomanda's financial health check has awarded Boardman Transformers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £1.9m, make it smaller than the average company (£19.5m)

£1.9m - Boardman Transformers Limited

£19.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.8%)

7% - Boardman Transformers Limited

10.8% - Industry AVG

production

Production

with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)

24.5% - Boardman Transformers Limited

24.5% - Industry AVG

profitability

Profitability

an operating margin of 11.8% make it more profitable than the average company (4.2%)

11.8% - Boardman Transformers Limited

4.2% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (110)

10 - Boardman Transformers Limited

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)

£51.9k - Boardman Transformers Limited

£51.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £188.6k, this is equally as efficient (£202.5k)

£188.6k - Boardman Transformers Limited

£202.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 100 days, this is later than average (65 days)

100 days - Boardman Transformers Limited

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 82 days, this is slower than average (46 days)

82 days - Boardman Transformers Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is less than average (93 days)

23 days - Boardman Transformers Limited

93 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (10 weeks)

31 weeks - Boardman Transformers Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.5%, this is a lower level of debt than the average (62.7%)

34.5% - Boardman Transformers Limited

62.7% - Industry AVG

BOARDMAN TRANSFORMERS LIMITED financials

EXPORTms excel logo

Boardman Transformers Limited's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Boardman Transformers Limited has 10 employees and maintains cash reserves of £377.5 thousand 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
Turnover1,886,4842,314,9752,372,7911,538,9761,830,3632,030,7271,440,2721,398,1091,042,6172,185,4922,425,5531,819,0201,849,0761,695,1581,263,287
Other Income Or Grants
Cost Of Sales1,425,2021,750,3811,806,2501,155,8911,292,2371,208,352887,1641,072,571772,3471,575,2061,802,9151,391,8451,426,7641,298,783951,534
Gross Profit461,282564,594566,541383,085538,125822,375553,108325,538270,270610,286622,638427,175422,312396,375311,752
Admin Expenses239,007384,514490,123-37,369341,920293,543340,962308,957358,132442,117505,059482,114342,443400,842269,706
Operating Profit222,275180,08076,418420,454196,205528,832212,14616,581-87,862168,169117,579-54,93979,869-4,46742,046
Interest Payable2,7943,6703,3742,0402454,7534,475716411
Interest Receivable16,1605,13124834615292037436
Pre-Tax Profit235,640181,54173,293418,448195,967524,080207,67115,871-88,244168,189117,579-54,90279,912-4,46142,046
Tax-58,910-34,493-13,926-79,505-37,234-58,263-37,695-3,174-35,320-27,043-20,777-11,773
Profit After Tax176,730147,04859,367338,943158,733465,817169,97612,697-88,244132,86990,536-54,90259,135-4,46130,273
Dividends Paid275,000234,000
Retained Profit176,730147,04859,367338,943158,733190,817-64,02412,697-88,244132,86990,536-54,90259,135-4,46130,273
Employee Costs518,824468,902643,341615,492635,494101,482100,612378,025340,451618,496664,955468,555458,403408,380303,538
Number Of Employees101015151513910917181313129
EBITDA*270,747223,133114,315453,529230,247565,169241,48052,793-48,563188,025142,131-30,95997,0643,76548,740

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets202,311216,673201,177155,373163,566177,721214,058203,463224,440261,73493,574107,244114,52849,34752,135
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets202,311216,673201,177155,373163,566177,721214,058203,463224,440261,73493,574107,244114,52849,34752,135
Stock & work in progress90,98395,992106,00038,33340,34840,62351,10649,29350,23050,32058,21057,16058,06567,94058,034
Trade Debtors516,902803,153637,897328,917427,291340,004273,564400,895289,550526,914547,561355,532424,369402,493234,852
Group Debtors633,617299,805581,811239,97083,42035,000
Misc Debtors1,02381250,101601,712276,225221,322164,569153,210118,74198,470
Cash377,468238,1373,31762,8214,3518,2935345333,8557,910314,7832,520
misc current assets
total current assets1,619,9931,437,8991,379,1261,271,753831,635645,242489,773603,931462,376585,144605,774412,692497,217472,953391,356
total assets1,822,3041,654,5721,580,3031,427,126995,201822,963703,831807,394686,816846,878699,348519,936611,745522,300443,491
Bank overdraft10,34310,00010,0008,0378,0374,1968,119
Bank loan2,12010,831
Trade Creditors 321,139391,464376,609257,465251,417272,974228,462242,802172,865571,436548,448426,805431,113451,355359,798
Group/Directors Accounts
other short term finances
hp & lease commitments35,02636,17829,44331,040
other current liabilities288,955216,347293,333300,953255,982185,895262,869278,172206,770
total current liabilities620,437617,811679,942566,455515,436493,895531,705560,656421,506571,436548,448426,805431,113451,355359,798
loans8,85420,47831,12650,8031,826
hp & lease commitments8,84016,87650,75161,34090,783
Accruals and Deferred Income
other liabilities14,49722,82455,59188,19037,63845,925
provisions
total long term liabilities8,85420,47831,12650,8038,84016,87650,75161,34092,60914,49722,82455,59188,19037,63845,925
total liabilities629,291638,289711,068617,258524,276510,771582,456621,996514,115585,933571,272482,396519,303488,993405,723
net assets1,193,0131,016,283869,235809,868470,925312,192121,375185,398172,701260,945128,07637,54092,44233,30737,768
total shareholders funds1,193,0131,016,283869,235809,868470,925312,192121,375185,398172,701260,945128,07637,54092,44233,30737,768
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit222,275180,08076,418420,454196,205528,832212,14616,581-87,862168,169117,579-54,93979,869-4,46742,046
Depreciation48,47243,05337,89733,07534,04236,33729,33436,21239,29919,85624,55223,98017,1958,2326,694
Amortisation
Tax-58,910-34,493-13,926-79,505-37,234-58,263-37,695-3,174-35,320-27,043-20,777-11,773
Stock-5,009-10,00867,667-2,015-275-10,4831,813-937-90-7,8901,050-905-9,8759,90658,034
Debtors47,772-166,03999,210383,663190,610158,193-115,972145,814-118,623-20,647192,029-68,83721,87669,171333,322
Creditors-70,32514,855119,1446,048-21,55744,512-14,34069,937-398,57122,988121,643-4,308-20,24291,557359,798
Accruals and Deferred Income72,608-76,986-7,62044,97170,087-76,974-15,30371,402206,770
Deferred Taxes & Provisions
Cash flow from operations171,357302,55645,03643,39551,208326,734288,30146,081-121,651204,23043,65234,47544,04416,2455,409
Investing Activities
capital expenditure-34,110-58,549-83,701-24,882-19,887-39,929-15,235-2,005-188,016-10,882-16,696-82,376-5,444-58,829
Change in Investments
cash flow from investments-34,110-58,549-83,701-24,882-19,887-39,929-15,235-2,005-188,016-10,882-16,696-82,376-5,444-58,829
Financing Activities
Bank loans-2,120-8,71110,831
Group/Directors Accounts
Other Short Term Loans
Long term loans-11,624-10,648-19,67750,803-1,8261,826
Hire Purchase and Lease Commitments-8,840-43,062-35,027-3,854-31,040121,823
other long term liabilities-14,497-8,327-32,767-32,59950,552-8,28745,925
share issue17,495
interest13,3661,461-3,126-2,006-239-4,752-4,475-711-3822037436
cash flow from financing1,742-9,187-22,80339,957-43,301-39,779-10,448-42,288119,601-8,307-32,767-32,56250,595-8,28153,420
cash and cash equivalents
cash139,331234,820-59,50458,470-3,9427,7591-3,322-4,0557,9073-14,78312,2632,520
overdraft3431,9638,037-4,196-3,9238,119
change in cash138,988234,820-61,46758,470-11,97911,9553,924-11,441-4,0557,9073-14,78312,2632,520

boardman transformers 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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Boardman Transformers Limited Competitor Analysis

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Perform a competitor analysis for boardman transformers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LA12 area or any other competitors across 12 key performance metrics.

boardman transformers limited Ownership

BOARDMAN TRANSFORMERS LIMITED group structure

Boardman Transformers Limited has no subsidiary companies.

Ultimate parent company

1 parent

BOARDMAN TRANSFORMERS LIMITED

00624978

BOARDMAN TRANSFORMERS LIMITED Shareholders

bluefield holdings limited 99.67%
dorothy boardman 0.33%

boardman transformers limited directors

Boardman Transformers Limited currently has 1 director, Mr Paul Boardman serving since Sep 2014.

officercountryagestartendrole
Mr Paul BoardmanEngland42 years Sep 2014- Director

P&L

March 2024

turnover

1.9m

-19%

operating profit

222.3k

0%

gross margin

24.5%

+0.26%

turnover

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

Balance Sheet

March 2024

net assets

1.2m

+0.17%

total assets

1.8m

+0.1%

cash

377.5k

+0.59%

net assets

Total assets minus all liabilities

boardman transformers limited company details

company number

00624978

Type

Private limited with Share Capital

industry

27110 - Manufacture of electric motors, generators and transformers

incorporation date

April 1959

age

66

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

units 1&2 low mill business park, watery lane, ulverston, cumbria, LA12 9EE

Bank

BARCLAYS BANK PLC

Legal Advisor

-

boardman transformers 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 3 charges/mortgages relating to boardman transformers limited. Currently there are 1 open charges and 2 have been satisfied in the past.

boardman transformers 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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boardman transformers limited Companies House Filings - See Documents

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