sertec auto structures (uk) limited

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sertec auto structures (uk) limited Company Information

Share SERTEC AUTO STRUCTURES (UK) LIMITED

Company Number

00719490

Directors

Grant Adams

David Steggles

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Shareholders

sertec holdco limited

Group Structure

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Industry

Forging, pressing, stamping and roll-forming of metal; powder metallurgy

 

Registered Address

wincaster house gorsey lane, coleshill, birmingham, B46 1JU

sertec auto structures (uk) limited Estimated Valuation

£51m

Pomanda estimates the enterprise value of SERTEC AUTO STRUCTURES (UK) LIMITED at £51m based on a Turnover of £97.6m and 0.52x industry multiple (adjusted for size and gross margin).

sertec auto structures (uk) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SERTEC AUTO STRUCTURES (UK) LIMITED at £0 based on an EBITDA of £-5.4m and a 4.52x industry multiple (adjusted for size and gross margin).

sertec auto structures (uk) limited Estimated Valuation

£23.8m

Pomanda estimates the enterprise value of SERTEC AUTO STRUCTURES (UK) LIMITED at £23.8m based on Net Assets of £12.5m and 1.91x industry multiple (adjusted for liquidity).

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Sertec Auto Structures (uk) Limited Overview

Sertec Auto Structures (uk) Limited is a live company located in birmingham, B46 1JU with a Companies House number of 00719490. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in March 1962, it's largest shareholder is sertec holdco limited with a 100% stake. Sertec Auto Structures (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £97.6m with healthy growth in recent years.

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Sertec Auto Structures (uk) Limited Health Check

Pomanda's financial health check has awarded Sertec Auto Structures (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £97.6m, make it larger than the average company (£16m)

£97.6m - Sertec Auto Structures (uk) Limited

£16m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.7%)

11% - Sertec Auto Structures (uk) Limited

9.7% - Industry AVG

production

Production

with a gross margin of 4%, this company has a higher cost of product (16.3%)

4% - Sertec Auto Structures (uk) Limited

16.3% - Industry AVG

profitability

Profitability

an operating margin of -9.6% make it less profitable than the average company (4%)

-9.6% - Sertec Auto Structures (uk) Limited

4% - Industry AVG

employees

Employees

with 560 employees, this is above the industry average (106)

560 - Sertec Auto Structures (uk) Limited

106 - Industry AVG

paystructure

Pay Structure

on an average salary of £33k, the company has an equivalent pay structure (£37.1k)

£33k - Sertec Auto Structures (uk) Limited

£37.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.3k, this is equally as efficient (£156.1k)

£174.3k - Sertec Auto Structures (uk) Limited

£156.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is earlier than average (58 days)

34 days - Sertec Auto Structures (uk) Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 59 days, this is close to average (57 days)

59 days - Sertec Auto Structures (uk) Limited

57 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 16 days, this is less than average (66 days)

16 days - Sertec Auto Structures (uk) Limited

66 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)

0 weeks - Sertec Auto Structures (uk) Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.8%, this is a higher level of debt than the average (64.8%)

85.8% - Sertec Auto Structures (uk) Limited

64.8% - Industry AVG

SERTEC AUTO STRUCTURES (UK) LIMITED financials

EXPORTms excel logo

Sertec Auto Structures (Uk) Limited's latest turnover from March 2024 is £97.6 million and the company has net assets of £12.5 million. According to their latest financial statements, Sertec Auto Structures (Uk) Limited has 560 employees and maintains cash reserves of £428 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
Turnover97,598,00071,913,00059,634,00072,025,000102,320,000112,236,000137,671,000113,943,000126,878,000110,769,82776,341,95066,159,74261,009,06043,307,30733,731,328
Other Income Or Grants
Cost Of Sales93,681,00071,911,00061,875,00065,634,00088,761,00093,349,000114,912,00099,409,000108,047,00092,731,25162,537,96255,179,63149,238,54034,500,54827,886,464
Gross Profit3,917,0002,000-2,241,0006,391,00013,559,00018,887,00022,759,00014,534,00018,831,00018,038,57613,803,98810,980,11111,770,5208,806,7595,844,864
Admin Expenses13,244,0006,564,0006,482,0006,460,00017,771,00015,638,00014,117,00011,449,00011,240,0009,367,9778,005,7077,026,1407,929,5815,341,7214,880,884
Operating Profit-9,327,000-6,562,000-8,723,000-69,000-4,212,0003,249,0008,642,0003,085,0007,591,0008,670,5995,798,2813,953,9713,840,9393,465,038963,980
Interest Payable1,410,000736,000483,000421,0001,048,000961,000681,000577,000374,000111,02884,88292,64766,03488,79069,217
Interest Receivable14,0001,490
Pre-Tax Profit-10,723,000-7,298,000-9,206,000-490,000-5,260,0002,288,0007,961,0002,508,0007,217,0008,559,5715,713,3993,862,8143,774,9053,376,248894,763
Tax1,306,0001,196,0001,174,000330,000-23,000-455,000-1,082,000-132,000-1,529,000-1,535,602-1,033,694-163,181-1,001,302-909,659-181,613
Profit After Tax-9,417,000-6,102,000-8,032,000-160,000-5,283,0001,833,0006,879,0002,376,0005,688,0007,023,9694,679,7053,699,6332,773,6032,466,589713,150
Dividends Paid709,0001,500,0001,506,524946,0051,500,000525,000
Retained Profit-9,417,000-6,102,000-8,032,000-160,000-5,992,0001,833,0006,879,0002,376,0005,688,0005,523,9694,679,7052,193,1091,827,598966,589188,150
Employee Costs18,484,00014,271,00012,726,00014,755,00015,842,00016,642,00018,654,00017,438,00018,246,00013,821,9778,896,6527,926,6686,587,1154,901,9054,744,908
Number Of Employees560488462502507578586575611483343295232207193
EBITDA*-5,434,000-2,888,000-5,821,0002,653,000-770,0005,701,00011,125,0005,260,0008,924,0009,564,7396,488,9094,562,9734,493,4333,961,9991,202,285

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets29,769,00027,059,00029,579,00031,723,00033,314,00035,803,00031,113,00031,672,00023,018,00015,057,0829,659,8499,362,9207,583,8817,456,6907,305,314
Intangible Assets4,848,0005,806,0006,126,0004,553,0001,947,000
Investments & Other
Debtors (Due After 1 year)103,908241,388349,703485,606
Total Fixed Assets34,617,00032,865,00035,705,00036,276,00035,261,00035,803,00031,113,00031,672,00023,018,00015,057,0829,763,7579,604,3087,933,5847,942,2967,305,314
Stock & work in progress4,295,0004,506,0003,820,0003,433,0004,925,0004,103,0006,024,0004,781,0004,465,7812,117,5022,531,1272,154,6442,647,0941,995,466
Trade Debtors9,293,0002,935,0002,366,00018,461,00018,770,00021,727,00027,418,00021,932,00026,258,00027,734,27218,338,30012,481,3457,319,89211,311,3627,727,066
Group Debtors37,745,00039,751,00062,483,00052,250,00035,794,00053,614,00041,607,00029,436,00013,367,0004,775,6181,393,5282,055,097606,281824,555
Misc Debtors1,325,0001,561,0002,047,000733,0001,172,000330,000992,0001,033,0002,941,0001,873,2532,206,796331,361898,413586,59313,440
Cash428,0001,019,0001,617,000239,000142,000712,0003,069,000944,0001,325,0003,731,5875,698,0721,755,9078,051,400259,859980
misc current assets4,019,000
total current assets53,086,00049,772,00072,333,00075,116,00060,803,00080,486,00079,110,00058,126,00047,910,00042,580,51129,754,19819,154,83719,030,63014,804,90810,561,507
total assets87,703,00082,637,000108,038,000111,392,00096,064,000116,289,000110,223,00089,798,00070,928,00057,637,59339,517,95528,759,14526,964,21422,747,20417,866,821
Bank overdraft8,060,00034557,222615,6501,152,440186,904
Bank loan1,227,0009,979,000618,567
Trade Creditors 15,386,00012,185,0007,288,0007,725,00011,760,00010,053,00022,261,00013,770,00014,518,00019,197,27512,136,1777,679,5037,592,6766,747,3154,444,085
Group/Directors Accounts35,660,00034,814,00057,395,00042,059,00023,542,00031,593,00016,255,00013,416,0005,952,0003,554,7281,803,6361,115,5621,015,3762,193,512981,571
other short term finances978,000509,000432,000442,000179,000
hp & lease commitments45,000301,000418,0001,803,0002,784,0003,995,0003,375,0003,239,0001,264,0001,090,415367,080458,682224,597176,36968,539
other current liabilities5,155,0003,872,0005,104,00013,011,00010,559,00015,614,00016,377,0003,024,0003,181,0003,091,2183,438,7682,331,5253,283,4381,689,3581,171,857
total current liabilities56,246,00052,150,00070,205,00065,107,00049,077,00061,697,00058,447,00042,736,00034,894,00027,552,23718,302,88312,200,92213,268,52710,806,5546,852,956
loans18,213,0006,813,0006,340,0002,179,0002,542,0002,952,0002,187,0002,270,00094,159
hp & lease commitments36,000321,0004,249,0005,359,0006,906,0006,896,0009,140,0003,084,0003,164,367627,256878,129198,377177,31180,027
Accruals and Deferred Income541,0001,262,0001,406,0001,446,000701,000740,000780,000820,000860,000831,569247,730
other liabilities190,000
provisions244,000500,0001,788,0002,211,0002,215,0001,832,0001,584,0001,382,0001,016,000703,170477,805497,518507,843601,470644,399
total long term liabilities18,998,0008,611,0009,855,00010,275,00010,817,00012,430,00011,447,00013,612,0004,960,0004,699,1061,352,7911,375,647706,220778,781818,585
total liabilities75,244,00060,761,00080,060,00075,382,00059,894,00074,127,00069,894,00056,348,00039,854,00032,251,34319,655,67413,576,56913,974,74711,585,3357,671,541
net assets12,459,00021,876,00027,978,00036,010,00036,170,00042,162,00040,329,00033,450,00031,074,00025,386,25019,862,28115,182,57612,989,46711,161,86910,195,280
total shareholders funds12,459,00021,876,00027,978,00036,010,00036,170,00042,162,00040,329,00033,450,00031,074,00025,386,25019,862,28115,182,57612,989,46711,161,86910,195,280
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-9,327,000-6,562,000-8,723,000-69,000-4,212,0003,249,0008,642,0003,085,0007,591,0008,670,5995,798,2813,953,9713,840,9393,465,038963,980
Depreciation2,935,0002,803,0002,902,0002,722,0003,442,0002,452,0002,483,0002,175,0001,333,000894,140690,628609,002652,494496,961534,155
Amortisation958,000871,000-295,850
Tax1,306,0001,196,0001,174,000330,000-23,000-455,000-1,082,000-132,000-1,529,000-1,535,602-1,033,694-163,181-1,001,302-909,659-181,613
Stock-211,000686,000387,000-1,492,000822,000-1,921,0001,243,0004,781,000-4,465,7812,348,279-413,625376,483-492,450651,6281,995,466
Debtors4,116,000-22,649,000-4,548,00015,708,000-19,935,0005,654,00017,616,0009,835,0008,182,85712,340,6116,933,3415,934,902-3,209,2723,818,5008,565,061
Creditors3,201,0004,897,000-437,000-4,035,0001,707,000-12,208,0008,491,000-748,000-4,679,2757,061,0984,456,67486,827845,3612,303,2304,444,085
Accruals and Deferred Income562,000-1,376,000-7,947,0003,197,000-5,094,000-803,00013,313,000-197,000118,213236,2891,354,973-951,9131,594,080517,5011,171,857
Deferred Taxes & Provisions-256,000-1,288,000-423,000-4,000383,000248,000202,000366,000312,830225,365-19,713-10,325-93,627-42,929644,399
Cash flow from operations-4,526,00022,504,000-9,293,000-12,075,00015,316,000-11,250,00013,190,000-10,067,000-570,308862,9994,727,433-2,787,0049,539,6671,360,014-3,279,514
Investing Activities
capital expenditure-5,645,000-834,000-2,331,000-3,737,000-2,900,000-7,142,000-1,924,000-10,829,000-9,293,918-6,291,373-987,557-2,388,041-779,685-648,337-7,543,619
Change in Investments
cash flow from investments-5,645,000-834,000-2,331,000-3,737,000-2,900,000-7,142,000-1,924,000-10,829,000-9,293,918-6,291,373-987,557-2,388,041-779,685-648,337-7,543,619
Financing Activities
Bank loans-1,227,000-8,752,0009,360,433618,567
Group/Directors Accounts846,000-22,581,00015,336,00018,517,000-8,051,00015,338,0002,839,0007,464,0002,397,2721,751,092688,074100,186-1,178,1361,211,941981,571
Other Short Term Loans -978,000978,000-509,00077,000-10,000263,000179,000
Long term loans11,400,000473,0004,161,000-363,000-410,000765,000-83,0002,270,000-94,15994,159
Hire Purchase and Lease Commitments-292,000-402,000-5,313,000-2,091,000-2,758,000630,000-2,108,0008,031,00093,2183,260,446-342,475913,83769,294205,114148,566
other long term liabilities-190,000190,000
share issue-25010,007,130
interest-1,396,000-736,000-483,000-421,000-1,048,000-961,000-681,000-577,000-374,000-111,028-84,882-91,157-66,034-88,790-69,217
cash flow from financing9,580,000-22,268,00013,002,00015,909,000-12,277,00016,035,000-1,081,0008,436,00011,476,6735,519,077260,717922,866-1,174,8761,234,10611,162,209
cash and cash equivalents
cash-591,000-598,0001,378,00097,000-570,000-2,357,0002,125,000-381,000-2,406,587-1,966,4853,942,165-6,295,4937,791,541258,879980
overdraft-8,060,0008,060,000-34-557,188-58,428-536,7901,152,440-186,904186,904
change in cash-591,000-598,0001,378,00097,000-570,000-2,357,00010,185,000-8,441,000-2,406,553-1,409,2974,000,593-5,758,7036,639,101445,783-185,924

sertec auto structures (uk) 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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Sertec Auto Structures (uk) Limited Competitor Analysis

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Perform a competitor analysis for sertec auto structures (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in B46 area or any other competitors across 12 key performance metrics.

sertec auto structures (uk) limited Ownership

SERTEC AUTO STRUCTURES (UK) LIMITED group structure

Sertec Auto Structures (Uk) Limited has no subsidiary companies.

Ultimate parent company

2 parents

SERTEC AUTO STRUCTURES (UK) LIMITED

00719490

SERTEC AUTO STRUCTURES (UK) LIMITED Shareholders

sertec holdco limited 100%

sertec auto structures (uk) limited directors

Sertec Auto Structures (Uk) Limited currently has 5 directors. The longest serving directors include Mr Grant Adams (Aug 1991) and Mr David Steggles (Nov 2010).

officercountryagestartendrole
Mr Grant Adams64 years Aug 1991- Director
Mr David Steggles54 years Nov 2010- Director
Mr Benjamin Higgins42 years Mar 2020- Director
Mr Tim Danby45 years Jul 2023- Director
Mr Richard Sadler38 years Aug 2024- Director

P&L

March 2024

turnover

97.6m

+36%

operating profit

-9.3m

+42%

gross margin

4.1%

+144207.89%

turnover

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

Balance Sheet

March 2024

net assets

12.5m

-0.43%

total assets

87.7m

+0.06%

cash

428k

-0.58%

net assets

Total assets minus all liabilities

sertec auto structures (uk) limited company details

company number

00719490

Type

Private limited with Share Capital

industry

25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy

incorporation date

March 1962

age

63

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

sertec(birmingham)limited (January 2017)

accountant

-

auditor

FORVIS MAZARS LLP

address

wincaster house gorsey lane, coleshill, birmingham, B46 1JU

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

sertec auto structures (uk) 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 52 charges/mortgages relating to sertec auto structures (uk) limited. Currently there are 3 open charges and 49 have been satisfied in the past.

sertec auto structures (uk) 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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sertec auto structures (uk) limited Companies House Filings - See Documents

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