
Company Number
00624978
Next Accounts
Dec 2025
Directors
Shareholders
bluefield holdings limited
dorothy boardman
Group Structure
View All
Industry
Manufacture of electric motors, generators and transformers
Registered Address
units 1&2 low mill business park, watery lane, ulverston, cumbria, LA12 9EE
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).
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).
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 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.
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
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£19.5m)
- Boardman Transformers Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.8%)
- Boardman Transformers Limited
10.8% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
- Boardman Transformers Limited
24.5% - Industry AVG
Profitability
an operating margin of 11.8% make it more profitable than the average company (4.2%)
- Boardman Transformers Limited
4.2% - Industry AVG
Employees
with 10 employees, this is below the industry average (110)
10 - Boardman Transformers Limited
110 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
- Boardman Transformers Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £188.6k, this is equally as efficient (£202.5k)
- Boardman Transformers Limited
£202.5k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (65 days)
- Boardman Transformers Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (46 days)
- Boardman Transformers Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is less than average (93 days)
- Boardman Transformers Limited
93 days - Industry AVG
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
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'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 House, Pomanda Estimates
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 2,030,727 | 1,440,272 | |||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | 1,208,352 | 887,164 | |||||||||||||
Gross Profit | 822,375 | 553,108 | |||||||||||||
Admin Expenses | 293,543 | 340,962 | |||||||||||||
Operating Profit | 528,832 | 212,146 | |||||||||||||
Interest Payable | 4,753 | 4,475 | |||||||||||||
Interest Receivable | 1 | ||||||||||||||
Pre-Tax Profit | 524,080 | 207,671 | |||||||||||||
Tax | -58,263 | -37,695 | |||||||||||||
Profit After Tax | 465,817 | 169,976 | |||||||||||||
Dividends Paid | 275,000 | 234,000 | |||||||||||||
Retained Profit | 190,817 | -64,024 | |||||||||||||
Employee Costs | 101,482 | 100,612 | |||||||||||||
Number Of Employees | 10 | 10 | 15 | 15 | 15 | ||||||||||
EBITDA* | 565,169 | 241,480 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 202,311 | 216,673 | 201,177 | 155,373 | 163,566 | 177,721 | 214,058 | 203,463 | 224,440 | 261,734 | 93,574 | 107,244 | 114,528 | 49,347 | 52,135 |
Intangible Assets | |||||||||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 202,311 | 216,673 | 201,177 | 155,373 | 163,566 | 177,721 | 214,058 | 203,463 | 224,440 | 261,734 | 93,574 | 107,244 | 114,528 | 49,347 | 52,135 |
Stock & work in progress | 90,983 | 95,992 | 106,000 | 38,333 | 40,348 | 40,623 | 51,106 | 49,293 | 50,230 | 50,320 | 58,210 | 57,160 | 58,065 | 67,940 | 58,034 |
Trade Debtors | 516,902 | 803,153 | 637,897 | 328,917 | 427,291 | 340,004 | 273,564 | 400,895 | 289,550 | 526,914 | 547,561 | 355,532 | 424,369 | 402,493 | 234,852 |
Group Debtors | 633,617 | 299,805 | 581,811 | 239,970 | 83,420 | 35,000 | |||||||||
Misc Debtors | 1,023 | 812 | 50,101 | 601,712 | 276,225 | 221,322 | 164,569 | 153,210 | 118,741 | 98,470 | |||||
Cash | 377,468 | 238,137 | 3,317 | 62,821 | 4,351 | 8,293 | 534 | 533 | 3,855 | 7,910 | 3 | 14,783 | 2,520 | ||
misc current assets | |||||||||||||||
total current assets | 1,619,993 | 1,437,899 | 1,379,126 | 1,271,753 | 831,635 | 645,242 | 489,773 | 603,931 | 462,376 | 585,144 | 605,774 | 412,692 | 497,217 | 472,953 | 391,356 |
total assets | 1,822,304 | 1,654,572 | 1,580,303 | 1,427,126 | 995,201 | 822,963 | 703,831 | 807,394 | 686,816 | 846,878 | 699,348 | 519,936 | 611,745 | 522,300 | 443,491 |
Bank overdraft | 10,343 | 10,000 | 10,000 | 8,037 | 8,037 | 4,196 | 8,119 | ||||||||
Bank loan | 2,120 | 10,831 | |||||||||||||
Trade Creditors | 321,139 | 391,464 | 376,609 | 257,465 | 251,417 | 272,974 | 228,462 | 242,802 | 172,865 | 571,436 | 548,448 | 426,805 | 431,113 | 451,355 | 359,798 |
Group/Directors Accounts | |||||||||||||||
other short term finances | |||||||||||||||
hp & lease commitments | 35,026 | 36,178 | 29,443 | 31,040 | |||||||||||
other current liabilities | 288,955 | 216,347 | 293,333 | 300,953 | 255,982 | 185,895 | 262,869 | 278,172 | 206,770 | ||||||
total current liabilities | 620,437 | 617,811 | 679,942 | 566,455 | 515,436 | 493,895 | 531,705 | 560,656 | 421,506 | 571,436 | 548,448 | 426,805 | 431,113 | 451,355 | 359,798 |
loans | 8,854 | 20,478 | 31,126 | 50,803 | 1,826 | ||||||||||
hp & lease commitments | 8,840 | 16,876 | 50,751 | 61,340 | 90,783 | ||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | 14,497 | 22,824 | 55,591 | 88,190 | 37,638 | 45,925 | |||||||||
provisions | |||||||||||||||
total long term liabilities | 8,854 | 20,478 | 31,126 | 50,803 | 8,840 | 16,876 | 50,751 | 61,340 | 92,609 | 14,497 | 22,824 | 55,591 | 88,190 | 37,638 | 45,925 |
total liabilities | 629,291 | 638,289 | 711,068 | 617,258 | 524,276 | 510,771 | 582,456 | 621,996 | 514,115 | 585,933 | 571,272 | 482,396 | 519,303 | 488,993 | 405,723 |
net assets | 1,193,013 | 1,016,283 | 869,235 | 809,868 | 470,925 | 312,192 | 121,375 | 185,398 | 172,701 | 260,945 | 128,076 | 37,540 | 92,442 | 33,307 | 37,768 |
total shareholders funds | 1,193,013 | 1,016,283 | 869,235 | 809,868 | 470,925 | 312,192 | 121,375 | 185,398 | 172,701 | 260,945 | 128,076 | 37,540 | 92,442 | 33,307 | 37,768 |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 528,832 | 212,146 | |||||||||||||
Depreciation | 48,472 | 43,053 | 37,897 | 33,075 | 34,042 | 36,337 | 29,334 | 36,212 | 39,299 | 19,856 | 24,552 | 23,980 | 17,195 | 8,232 | 6,694 |
Amortisation | |||||||||||||||
Tax | -58,263 | -37,695 | |||||||||||||
Stock | -5,009 | -10,008 | 67,667 | -2,015 | -275 | -10,483 | 1,813 | -937 | -90 | -7,890 | 1,050 | -905 | -9,875 | 9,906 | 58,034 |
Debtors | 47,772 | -166,039 | 99,210 | 383,663 | 190,610 | 158,193 | -115,972 | 145,814 | -118,623 | -20,647 | 192,029 | -68,837 | 21,876 | 69,171 | 333,322 |
Creditors | -70,325 | 14,855 | 119,144 | 6,048 | -21,557 | 44,512 | -14,340 | 69,937 | -398,571 | 22,988 | 121,643 | -4,308 | -20,242 | 91,557 | 359,798 |
Accruals and Deferred Income | 72,608 | -76,986 | -7,620 | 44,971 | 70,087 | -76,974 | -15,303 | 71,402 | 206,770 | ||||||
Deferred Taxes & Provisions | |||||||||||||||
Cash flow from operations | 326,734 | 288,301 | |||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | -2,120 | -8,711 | 10,831 | ||||||||||||
Group/Directors Accounts | |||||||||||||||
Other Short Term Loans | |||||||||||||||
Long term loans | -11,624 | -10,648 | -19,677 | 50,803 | -1,826 | 1,826 | |||||||||
Hire Purchase and Lease Commitments | -8,840 | -43,062 | -35,027 | -3,854 | -31,040 | 121,823 | |||||||||
other long term liabilities | -14,497 | -8,327 | -32,767 | -32,599 | 50,552 | -8,287 | 45,925 | ||||||||
share issue | |||||||||||||||
interest | -4,752 | -4,475 | |||||||||||||
cash flow from financing | -39,779 | -10,448 | |||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 139,331 | 234,820 | -59,504 | 58,470 | -3,942 | 7,759 | 1 | -3,322 | -4,055 | 7,907 | 3 | -14,783 | 12,263 | 2,520 | |
overdraft | 343 | 1,963 | 8,037 | -4,196 | -3,923 | 8,119 | |||||||||
change in cash | 138,988 | 234,820 | -61,467 | 58,470 | -11,979 | 11,955 | 3,924 | -11,441 | -4,055 | 7,907 | 3 | -14,783 | 12,263 | 2,520 |
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 group structure
Boardman Transformers Limited has no subsidiary companies.
Ultimate parent company
1 parent
BOARDMAN TRANSFORMERS LIMITED
00624978
Boardman Transformers Limited currently has 1 director, Mr Paul Boardman serving since Sep 2014.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Boardman | England | 42 years | Sep 2014 | - | Director |
P&L
March 2024turnover
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 2024net assets
1.2m
+0.17%
total assets
1.8m
+0.1%
cash
377.5k
+0.59%
net assets
Total assets minus all liabilities
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
-
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.
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.
Click to start generating capital raising & share issue transactions for BOARDMAN TRANSFORMERS LIMITED. This can take several minutes, an email will notify you when this has completed.
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