Pomanda estimates the enterprise value of BUILDING ADHESIVES LIMITED at £40.8m based on a Turnover of £35.5m and 1.15x industry multiple (adjusted for size and gross margin).
building adhesives limitedEstimated Valuation
£40.7m
Pomanda estimates the enterprise value of BUILDING ADHESIVES LIMITED at £40.7m based on an EBITDA of £5.4m and a 7.58x industry multiple (adjusted for size and gross margin).
building adhesives limitedEstimated Valuation
£71.7m
Pomanda estimates the enterprise value of BUILDING ADHESIVES LIMITED at £71.7m based on Net Assets of £37.2m and 1.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Building Adhesives LimitedOverview
Building Adhesives Limited is a live company located in stoke-on-trent, ST4 8JB with a Companies House number of 00742637. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in November 1962, it's largest shareholder is
ardex investments uk limited
with a 100% stake. Building Adhesives Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£35.5m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Building Adhesives Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £35.5m, make it larger than the average company (£21m)
£35.5m - Building Adhesives Limited
£21m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.1%)
9% - Building Adhesives Limited
8.1% - Industry AVG
Production
with a gross margin of 39.4%, this company has a lower cost of product (29.5%)
39.4% - Building Adhesives Limited
29.5% - Industry AVG
Profitability
an operating margin of 13.4% make it more profitable than the average company (5.9%)
13.4% - Building Adhesives Limited
5.9% - Industry AVG
Employees
with 125 employees, this is above the industry average (55)
125 - Building Adhesives Limited
55 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£54.6k)
£51.6k - Building Adhesives Limited
£54.6k - Industry AVG
Efficiency
resulting in sales per employee of £283.7k, this is less efficient (£358.8k)
£283.7k - Building Adhesives Limited
£358.8k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (48 days)
62 days - Building Adhesives Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (37 days)
29 days - Building Adhesives Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 41 days, this is less than average (66 days)
41 days - Building Adhesives Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 28 weeks, this is more cash available to meet short term requirements (13 weeks)
28 weeks - Building Adhesives Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.2%, this is a lower level of debt than the average (40%)
15.2% - Building Adhesives Limited
40% - Industry AVG
BUILDING ADHESIVES LIMITED financials
EXPORT
Building Adhesives Limited's latest turnover from December 2023 is £35.5 million and the company has net assets of £37.2 million. According to their latest financial statements, Building Adhesives Limited has 125 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
35,462,000
34,213,000
30,794,000
27,299,000
29,279,000
28,101,000
29,112,000
28,204,000
25,802,000
31,771,000
31,079,000
29,527,000
30,153,000
32,332,000
35,673,000
Other Income Or Grants
Cost Of Sales
21,504,000
21,645,000
18,179,000
15,230,000
16,797,000
16,196,000
16,881,000
15,922,000
14,821,000
14,153,000
14,097,000
13,961,000
13,972,000
14,229,000
15,453,000
Gross Profit
13,958,000
12,568,000
12,615,000
12,069,000
12,482,000
11,905,000
12,231,000
12,282,000
10,981,000
17,618,000
16,982,000
15,566,000
16,181,000
18,103,000
20,220,000
Admin Expenses
9,223,000
8,890,000
8,347,000
7,196,000
8,327,000
7,831,000
7,715,000
7,357,000
7,832,000
15,086,000
17,545,000
14,688,000
13,962,000
14,494,000
16,512,000
Operating Profit
4,735,000
3,678,000
4,268,000
4,873,000
4,155,000
4,074,000
4,516,000
4,925,000
3,149,000
2,532,000
-563,000
878,000
2,219,000
3,609,000
3,708,000
Interest Payable
6,000
1,000
20,000
6,000
Interest Receivable
185,000
179,000
69,000
97,000
156,000
162,000
142,000
173,000
172,000
185,000
227,000
315,000
343,000
333,000
290,000
Pre-Tax Profit
5,570,000
4,518,000
5,183,000
5,967,000
4,734,000
5,127,000
4,658,000
5,612,000
3,315,000
2,716,000
2,070,000
1,173,000
2,556,000
7,042,000
7,071,000
Tax
-1,216,000
-766,000
-1,074,000
-913,000
-878,000
-940,000
-952,000
-953,000
-717,000
-588,000
-411,000
-547,000
-887,000
-881,000
-1,257,000
Profit After Tax
4,354,000
3,752,000
4,109,000
5,054,000
3,856,000
4,187,000
3,706,000
4,659,000
2,598,000
2,128,000
1,659,000
626,000
1,669,000
6,161,000
5,814,000
Dividends Paid
4,000,000
4,369,000
6,000,000
4,000,000
2,923,000
7,000,000
3,500,000
1,500,000
4,738,000
7,517,000
3,111,000
Retained Profit
354,000
-617,000
-1,891,000
1,054,000
933,000
-2,813,000
206,000
3,159,000
2,598,000
2,128,000
-3,079,000
626,000
1,669,000
-1,356,000
2,703,000
Employee Costs
6,449,000
6,185,000
6,066,000
5,823,000
5,830,000
5,509,000
5,661,000
5,638,000
5,286,000
5,211,000
4,953,000
4,576,000
4,858,000
4,834,000
5,285,000
Number Of Employees
125
127
127
126
127
128
129
134
129
130
126
128
134
136
155
EBITDA*
5,373,000
4,204,000
4,746,000
5,389,000
4,781,000
4,907,000
5,384,000
5,774,000
3,936,000
3,221,000
134,000
1,725,000
3,042,000
4,501,000
4,807,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
5,884,000
5,964,000
5,226,000
4,488,000
4,213,000
4,646,000
5,401,000
5,804,000
4,782,000
5,048,000
4,458,000
4,482,000
4,775,000
5,234,000
5,825,000
Intangible Assets
Investments & Other
21,297,000
21,297,000
16,244,000
16,244,000
16,244,000
16,244,000
16,244,000
16,244,000
16,244,000
14,328,000
14,328,000
16,488,000
17,488,000
14,328,000
14,328,000
Debtors (Due After 1 year)
3,322,000
3,322,000
7,059,000
7,249,000
7,016,000
7,152,000
7,337,000
7,396,000
6,743,000
6,970,000
7,076,000
10,086,000
9,072,000
7,872,000
7,175,000
Total Fixed Assets
30,503,000
30,583,000
28,529,000
27,981,000
27,473,000
28,042,000
28,982,000
29,444,000
27,769,000
26,346,000
25,862,000
31,056,000
31,335,000
27,434,000
27,328,000
Stock & work in progress
2,453,000
2,752,000
2,092,000
2,341,000
2,009,000
2,001,000
1,784,000
1,471,000
1,357,000
1,570,000
1,274,000
1,504,000
1,357,000
1,418,000
1,239,000
Trade Debtors
6,028,000
6,070,000
6,092,000
6,251,000
5,380,000
5,486,000
5,818,000
5,326,000
6,127,000
6,040,000
5,247,000
5,027,000
4,911,000
4,715,000
5,167,000
Group Debtors
1,108,000
873,000
2,622,000
2,544,000
2,019,000
1,912,000
1,809,000
2,191,000
2,065,000
4,234,000
1,208,000
354,000
628,000
572,000
637,000
Misc Debtors
543,000
404,000
532,000
677,000
640,000
242,000
260,000
295,000
334,000
492,000
532,000
601,000
570,000
529,000
589,000
Cash
3,310,000
2,638,000
3,129,000
6,136,000
5,795,000
3,576,000
6,054,000
5,473,000
5,096,000
3,094,000
2,611,000
1,814,000
1,701,000
3,365,000
4,629,000
misc current assets
total current assets
13,442,000
12,737,000
14,467,000
17,949,000
15,843,000
13,217,000
15,725,000
14,756,000
14,979,000
15,430,000
10,872,000
9,300,000
9,167,000
10,599,000
12,261,000
total assets
43,945,000
43,320,000
42,996,000
45,930,000
43,316,000
41,259,000
44,707,000
44,200,000
42,748,000
41,776,000
36,734,000
40,356,000
40,502,000
38,033,000
39,589,000
Bank overdraft
Bank loan
Trade Creditors
1,738,000
900,000
1,193,000
1,893,000
898,000
433,000
949,000
1,050,000
989,000
875,000
509,000
1,441,000
1,473,000
1,257,000
1,156,000
Group/Directors Accounts
104,000
28,000
154,000
463,000
61,000
173,000
38,000
29,000
1,404,000
3,259,000
1,269,000
1,570,000
2,177,000
773,000
1,470,000
other short term finances
hp & lease commitments
other current liabilities
4,290,000
5,063,000
5,337,000
5,371,000
5,208,000
4,437,000
4,691,000
4,298,000
4,691,000
4,576,000
4,018,000
3,328,000
3,461,000
4,290,000
4,591,000
total current liabilities
6,132,000
5,991,000
6,684,000
7,727,000
6,167,000
5,043,000
5,678,000
5,377,000
7,084,000
8,710,000
5,796,000
6,339,000
7,111,000
6,320,000
7,217,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
566,000
436,000
total long term liabilities
566,000
436,000
total liabilities
6,698,000
6,427,000
6,684,000
7,727,000
6,167,000
5,043,000
5,678,000
5,377,000
7,084,000
8,710,000
5,796,000
6,339,000
7,111,000
6,320,000
7,217,000
net assets
37,247,000
36,893,000
36,312,000
38,203,000
37,149,000
36,216,000
39,029,000
38,823,000
35,664,000
33,066,000
30,938,000
34,017,000
33,391,000
31,713,000
32,372,000
total shareholders funds
37,247,000
36,893,000
36,312,000
38,203,000
37,149,000
36,216,000
39,029,000
38,823,000
35,664,000
33,066,000
30,938,000
34,017,000
33,391,000
31,713,000
32,372,000
Dec 2023
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
4,735,000
3,678,000
4,268,000
4,873,000
4,155,000
4,074,000
4,516,000
4,925,000
3,149,000
2,532,000
-563,000
878,000
2,219,000
3,609,000
3,708,000
Depreciation
638,000
526,000
478,000
516,000
626,000
833,000
868,000
849,000
787,000
689,000
697,000
847,000
823,000
892,000
1,099,000
Amortisation
Tax
-1,216,000
-766,000
-1,074,000
-913,000
-878,000
-940,000
-952,000
-953,000
-717,000
-588,000
-411,000
-547,000
-887,000
-881,000
-1,257,000
Stock
-299,000
660,000
-249,000
332,000
8,000
217,000
313,000
114,000
-213,000
296,000
-230,000
147,000
-61,000
179,000
1,239,000
Debtors
332,000
-5,636,000
-416,000
1,666,000
263,000
-432,000
16,000
-61,000
-2,467,000
3,673,000
-2,005,000
887,000
1,493,000
120,000
13,568,000
Creditors
838,000
-293,000
-700,000
995,000
465,000
-516,000
-101,000
61,000
114,000
366,000
-932,000
-32,000
216,000
101,000
1,156,000
Accruals and Deferred Income
-773,000
-274,000
-34,000
163,000
771,000
-254,000
393,000
-393,000
115,000
558,000
690,000
-133,000
-829,000
-301,000
4,591,000
Deferred Taxes & Provisions
130,000
436,000
Cash flow from operations
4,319,000
8,283,000
3,603,000
3,636,000
4,868,000
3,412,000
4,395,000
4,436,000
6,128,000
-412,000
1,716,000
-21,000
110,000
3,121,000
-5,510,000
Investing Activities
capital expenditure
-558,000
-1,264,000
-1,216,000
-791,000
-193,000
-78,000
-465,000
-1,871,000
-521,000
-1,279,000
-673,000
-554,000
-364,000
-301,000
-6,924,000
Change in Investments
5,053,000
1,916,000
-2,160,000
-1,000,000
3,160,000
14,328,000
cash flow from investments
-558,000
-6,317,000
-1,216,000
-791,000
-193,000
-78,000
-465,000
-1,871,000
-2,437,000
-1,279,000
1,487,000
446,000
-3,524,000
-301,000
-21,252,000
Financing Activities
Bank loans
Group/Directors Accounts
76,000
-126,000
-309,000
402,000
-112,000
135,000
9,000
-1,375,000
-1,855,000
1,990,000
-301,000
-607,000
1,404,000
-697,000
1,470,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,198,000
9,000
697,000
29,669,000
interest
185,000
179,000
69,000
97,000
156,000
162,000
142,000
173,000
166,000
184,000
227,000
295,000
337,000
333,000
290,000
cash flow from financing
261,000
1,251,000
-240,000
499,000
44,000
297,000
151,000
-1,202,000
-1,689,000
2,174,000
-74,000
-312,000
1,750,000
333,000
31,429,000
cash and cash equivalents
cash
672,000
-491,000
-3,007,000
341,000
2,219,000
-2,478,000
581,000
377,000
2,002,000
483,000
797,000
113,000
-1,664,000
-1,264,000
4,629,000
overdraft
change in cash
672,000
-491,000
-3,007,000
341,000
2,219,000
-2,478,000
581,000
377,000
2,002,000
483,000
797,000
113,000
-1,664,000
-1,264,000
4,629,000
building adhesives 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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building adhesives limited Ownership
BUILDING ADHESIVES LIMITED group structure
Building Adhesives Limited has 1 subsidiary company.
20590 - Manufacture of other chemical products n.e.c.
incorporation date
November 1962
age
63
incorporated
UK
ultimate parent company
ARDEX GROUP GMBH
accounts
Full Accounts
last accounts submitted
December 2023
previous names
norcros adhesives limited (January 2004)
building adhesives limited (February 1998)
accountant
-
auditor
BDO LLP
address
longton rd., trentham, stoke-on-trent, ST4 8JB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
building adhesives 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 1 charges/mortgages relating to building adhesives limited. Currently there are 0 open charges and 1 have been satisfied in the past.
building adhesives 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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building adhesives limitedCompanies House Filings - See Documents
