Pitchford Steelstock Limited

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pitchford steelstock limited Company Information

Live

MatureMidHealthy

Company Number

00674861

Website

pitchfordsteel.co.uk

Registered Address

pedmore road industrial estate, pedmore road, brierley hill, staffs, DY5 1TH

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01384489030

Next Accounts Due

September 2024

Group Structure

View All

Directors

Martin Pitchford31 Years

Sally Pitchford30 Years

View All

Shareholders

m pitchford holdings ltd 100%

pitchford steelstock limited Estimated Valuation

£1.7m - £4.7m

The estimated valuation range for pitchford steelstock limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £1.7m to £4.7m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Pitchford Steelstock Limited AI Business Plan

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Pitchford Steelstock Limited is a live company located in brierley hill, DY5 1TH with a Companies House number of 00674861. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in November 1960, it's largest shareholder is m pitchford holdings ltd with a 100% stake. Pitchford Steelstock Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Pitchford Steelstock 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 Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £6.2m, make it smaller than the average company (£24.1m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PITCHFORD STEELSTOCK LIMITED group structure

Pitchford Steelstock Limited has no subsidiary companies.

Ultimate parent company

M. PITCHFORD HOLDINGS LIMITED

02371486

1 parent

PITCHFORD STEELSTOCK LIMITED

00674861

PITCHFORD STEELSTOCK LIMITED Shareholders

m pitchford holdings ltd

100%

Pitchford Steelstock Limited currently has 4 directors. The longest serving directors include Mr Martin Pitchford (May 1992) and Ms Sally Pitchford (Jun 1993).

officer	age	start	end	role
Mr Martin Pitchford	63 years	May 1992	-	Director
Ms Sally Pitchford	63 years	Jun 1993	-	Director
Mr Robert Pitchford	38 years	Jul 2018	-	Director
Mrs Anne Rodgers	35 years	Jul 2018	-	Director

EXPORT

Pitchford Steelstock Limited's latest turnover from December 2022 is estimated at £6.2 million and the company has net assets of £4.3 million. According to their latest financial statements, Pitchford Steelstock Limited has 15 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	6,172,994	5,976,472	4,912,036	4,823,330	5,300,945	4,834,495	4,255,031	8,486,457	10,081,746	11,441,351	10,082,712	9,825,876	9,577,109	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,098,443	4,900,554	3,982,317	3,913,026	4,366,117	3,902,828	3,351,550	7,271,875	8,590,478	9,637,573	8,376,709	7,990,484	7,637,035	0
Gross Profit	1,074,551	1,075,919	929,720	910,304	934,829	931,667	903,481	1,214,582	1,491,268	1,803,779	1,706,003	1,835,392	1,940,074	0
Admin Expenses	163,013	99,857	762,375	1,039,584	1,045,783	980,399	889,776	1,312,678	1,557,956	1,866,652	1,770,323	1,856,855	1,895,540	-4,253,500
Operating Profit	911,538	976,062	167,345	-129,280	-110,954	-48,732	13,705	-98,096	-66,688	-62,873	-64,320	-21,463	44,534	4,253,500
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	46,807	1,986	666	5,376	6,014	4,015	1,761	3,270	2,877	2,279	2,120	2,510	3,011	1,694
Pre-Tax Profit	958,346	978,048	168,011	-123,904	-104,940	-44,717	15,466	-94,826	-63,811	-60,594	-62,200	-18,953	47,544	4,255,194
Tax	-182,086	-185,829	-31,922	0	0	0	-3,093	0	0	0	0	0	-13,312	-1,191,454
Profit After Tax	776,260	792,219	136,089	-123,904	-104,940	-44,717	12,373	-94,826	-63,811	-60,594	-62,200	-18,953	34,232	3,063,740
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	776,260	792,219	136,089	-123,904	-104,940	-44,717	12,373	-94,826	-63,811	-60,594	-62,200	-18,953	34,232	3,063,740
Employee Costs	679,091	589,277	594,775	682,075	622,506	612,281	623,516	1,393,930	1,385,532	1,328,000	1,150,640	1,146,651	1,317,363	0
Number Of Employees	15	15	15	17	16	17	17	38	40	39	34	35	41	0
EBITDA*	982,738	1,035,226	243,663	-48,453	-29,197	30,805	75,806	-41,606	-21,659	3,025	-16,313	33,935	89,092	4,307,816

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	231,769	178,589	167,308	177,607	261,500	285,423	287,274	226,426	198,014	212,219	210,858	187,108	151,452	140,135
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0	0
Total Fixed Assets	231,769	178,589	167,308	177,607	261,500	285,423	287,274	226,426	198,014	212,219	210,858	187,108	151,452	140,135
Stock & work in progress	1,198,675	1,233,512	799,880	747,002	893,681	803,126	646,765	594,888	698,789	888,742	845,503	806,358	665,658	557,295
Trade Debtors	1,183,384	1,306,000	968,708	903,836	944,895	876,204	817,150	2,236,139	2,643,552	2,800,101	2,785,637	2,891,752	2,885,979	2,736,585
Group Debtors	1,359,876	1,359,876	1,359,876	1,079,407	1,172,560	1,229,983	1,358,181	0	0	0	0	0	0	0
Misc Debtors	30,974	40,999	34,208	39,748	24,894	26,096	37,680	0	0	0	0	0	0	0
Cash	1,693,805	980,906	607,724	724,956	708,740	894,989	710,868	698,195	609,729	540,887	370,669	477,362	526,621	677,713
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,466,714	4,921,293	3,770,396	3,494,949	3,744,770	3,830,398	3,570,644	3,529,222	3,952,070	4,229,730	4,001,809	4,175,472	4,078,258	3,971,593
total assets	5,698,483	5,099,882	3,937,704	3,672,556	4,006,270	4,115,821	3,857,918	3,755,648	4,150,084	4,441,949	4,212,667	4,362,580	4,229,710	4,111,728
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,004,360	1,250,630	947,907	907,063	1,072,564	1,078,531	820,866	823,200	1,126,526	1,350,850	1,066,419	1,150,530	1,014,547	926,699
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	306,909	258,537	200,161	106,580	138,306	122,556	78,587	0	0	0	0	0	0	0
total current liabilities	1,311,269	1,509,167	1,148,068	1,013,643	1,210,870	1,201,087	899,453	823,200	1,126,526	1,350,850	1,066,419	1,150,530	1,014,547	926,699
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	5,336	0	0	0	0
provisions	38,246	18,007	9,147	14,513	27,096	41,490	40,504	26,860	23,144	21,538	21,429	25,031	9,191	13,289
total long term liabilities	38,246	18,007	9,147	14,513	27,096	41,490	40,504	26,860	23,144	26,874	21,429	25,031	9,191	13,289
total liabilities	1,349,515	1,527,174	1,157,215	1,028,156	1,237,966	1,242,577	939,957	850,060	1,149,670	1,377,724	1,087,848	1,175,561	1,023,738	939,988
net assets	4,348,968	3,572,708	2,780,489	2,644,400	2,768,304	2,873,244	2,917,961	2,905,588	3,000,414	3,064,225	3,124,819	3,187,019	3,205,972	3,171,740
total shareholders funds	4,348,968	3,572,708	2,780,489	2,644,400	2,768,304	2,873,244	2,917,961	2,905,588	3,000,414	3,064,225	3,124,819	3,187,019	3,205,972	3,171,740

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	911,538	976,062	167,345	-129,280	-110,954	-48,732	13,705	-98,096	-66,688	-62,873	-64,320	-21,463	44,534	4,253,500
Depreciation	71,200	59,164	76,318	80,827	81,757	79,537	62,101	56,490	45,029	65,898	48,007	55,398	44,558	54,316
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-182,086	-185,829	-31,922	0	0	0	-3,093	0	0	0	0	0	-13,312	-1,191,454
Stock	-34,837	433,632	52,878	-146,679	90,555	156,361	51,877	-103,901	-189,953	43,239	39,145	140,700	108,363	557,295
Debtors	-132,641	344,083	339,801	-119,358	10,066	-80,728	-23,128	-407,413	-156,549	14,464	-106,115	5,773	149,394	2,736,585
Creditors	-246,270	302,723	40,844	-165,501	-5,967	257,665	-2,334	-303,326	-224,324	284,431	-84,111	135,983	87,848	926,699
Accruals and Deferred Income	48,372	58,376	93,581	-31,726	15,750	43,969	78,587	0	0	0	0	0	0	0
Deferred Taxes & Provisions	20,239	8,860	-5,366	-12,583	-14,394	986	13,644	3,716	1,606	109	-3,602	15,840	-4,098	13,289
Cash flow from operations	790,471	441,641	-51,879	7,774	-134,429	257,792	133,861	170,098	102,125	229,862	-37,056	39,285	-98,227	762,470
Investing Activities
capital expenditure	-124,380	-70,445	-66,019	3,066	-57,834	-77,686	-122,949	-84,902	-30,824	-67,259	-71,757	-91,054	-55,875	-194,451
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-124,380	-70,445	-66,019	3,066	-57,834	-77,686	-122,949	-84,902	-30,824	-67,259	-71,757	-91,054	-55,875	-194,451
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-5,336	5,336	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	108,000
interest	46,807	1,986	666	5,376	6,014	4,015	1,761	3,270	2,877	2,279	2,120	2,510	3,011	1,694
cash flow from financing	46,807	1,986	666	5,376	6,014	4,015	1,761	3,270	-2,459	7,615	2,120	2,510	3,011	109,694
cash and cash equivalents
cash	712,899	373,182	-117,232	16,216	-186,249	184,121	12,673	88,466	68,842	170,218	-106,693	-49,259	-151,092	677,713
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	712,899	373,182	-117,232	16,216	-186,249	184,121	12,673	88,466	68,842	170,218	-106,693	-49,259	-151,092	677,713

P&L

December 2022

turnover

6.2m

+3%

operating profit

911.5k

gross margin

17.5%

-3.31%

turnover

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

Balance Sheet

December 2022

net assets

4.3m

+0.22%

total assets

5.7m

+0.12%

cash

1.7m

+0.73%

net assets

Total assets minus all liabilities

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company number

00674861

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

November 1960

age

accounts

Total Exemption Full

ultimate parent company

M. PITCHFORD HOLDINGS LIMITED

previous names

pitchford & pearson limited (November 1989)

incorporated

address

pedmore road industrial estate, pedmore road, brierley hill, staffs, DY5 1TH

last accounts submitted

December 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 12 charges/mortgages relating to pitchford steelstock limited. Currently there are 0 open charges and 12 have been satisfied in the past.

pitchford steelstock limited Company Information

pitchford steelstock limited Estimated Valuation

pitchford steelstock limited Estimated Valuation

pitchford steelstock limited Estimated Valuation

Pitchford Steelstock Limited AI Business Plan

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PITCHFORD STEELSTOCK LIMITED financials

pitchford steelstock limited company details

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