Birchills Automotive (presswork) Limited

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birchills automotive (presswork) limited Company Information

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MatureSmallLow

Company Number

00824746

Website

www.birchillsautomotive.com

Registered Address

birchills house trading estate, green lane, walsall, west midlands, WS2 8LF

Industry

Manufacture of cutlery

Telephone

01922628379

Next Accounts Due

December 2024

Group Structure

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Directors

Andrew Wellings18 Years

Elaine Broadhurst0 Years

Shareholders

john stephen broadhurst 80%

andrew wellings 20%

birchills automotive (presswork) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of BIRCHILLS AUTOMOTIVE (PRESSWORK) LIMITED at £2.2m based on Net Assets of £1.2m and 1.82x industry multiple (adjusted for liquidity).

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Birchills Automotive (presswork) Limited AI Business Plan

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Birchills Automotive (presswork) Limited is a live company located in walsall, WS2 8LF with a Companies House number of 00824746. It operates in the manufacture of cutlery sector, SIC Code 25710. Founded in October 1964, it's largest shareholder is john stephen broadhurst with a 80% stake. Birchills Automotive (presswork) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with low growth in recent years.

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Pomanda's financial health check has awarded Birchills Automotive (Presswork) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£6.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (10.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BIRCHILLS AUTOMOTIVE (PRESSWORK) LIMITED group structure

Birchills Automotive (Presswork) Limited has no subsidiary companies.

Ultimate parent company

BIRCHILLS AUTOMOTIVE (PRESSWORK) LIMITED

00824746

BIRCHILLS AUTOMOTIVE (PRESSWORK) LIMITED Shareholders

john stephen broadhurst	80%
andrew wellings	20%

Birchills Automotive (Presswork) Limited currently has 2 directors. The longest serving directors include Mr Andrew Wellings (Feb 2006) and Mrs Elaine Broadhurst (Jan 2024).

officer	country	age	start	end	role
Mr Andrew Wellings		58 years	Feb 2006	-	Director
Mrs Elaine Broadhurst	England	69 years	Jan 2024	-	Director

EXPORT

Birchills Automotive (Presswork) Limited's latest turnover from March 2023 is estimated at £2.7 million and the company has net assets of £1.2 million. According to their latest financial statements, Birchills Automotive (Presswork) Limited has 32 employees and maintains cash reserves of £501 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	2,665,996	2,727,488	2,689,514	2,492,088	2,099,115	1,847,957	2,137,937	3,165,209	1,791,251	1,980,396	2,189,570	2,084,471	1,831,764	1,914,203
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,771,511	1,812,372	1,806,567	1,645,584	1,316,714	1,107,274	1,268,026	1,948,537	1,038,992	1,128,332	1,119,524	1,196,455	1,051,405	1,332,972
Gross Profit	894,485	915,116	882,947	846,504	782,401	740,683	869,911	1,216,671	752,258	852,064	1,070,046	888,016	780,359	581,231
Admin Expenses	901,776	899,585	861,050	811,830	758,552	723,935	832,478	1,133,201	712,282	831,814	1,052,552	838,937	725,674	-548,331
Operating Profit	-7,291	15,531	21,897	34,674	23,849	16,748	37,433	83,470	39,976	20,250	17,494	49,079	54,685	1,129,562
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	21,847	3,716	424	418	2,397	994	502	739	629	620	469	340	122	0
Pre-Tax Profit	14,556	19,247	22,321	35,091	26,246	17,742	37,935	84,209	40,605	20,870	17,963	49,419	54,807	1,129,563
Tax	-2,766	-3,657	-4,241	-6,667	-4,987	-3,371	-7,587	-16,842	-8,527	-4,800	-4,311	-12,849	-15,346	-316,277
Profit After Tax	11,790	15,590	18,080	28,424	21,259	14,371	30,348	67,367	32,078	16,070	13,652	36,570	39,461	813,285
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	11,790	15,590	18,080	28,424	21,259	14,371	30,348	67,367	32,078	16,070	13,652	36,570	39,461	813,285
Employee Costs	1,081,670	1,034,236	1,021,150	1,067,690	1,039,551	959,170	962,660	1,304,707	682,265	858,838	875,050	760,848	685,799	699,533
Number Of Employees	32	31	29	30	32	33	33	43	24	28	28	28	28	28
EBITDA*	6,670	29,043	37,398	48,468	46,719	75,906	98,482	131,878	72,400	53,918	52,994	85,484	89,201	1,180,261

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	307,351	312,181	322,248	316,590	293,558	338,290	361,824	362,588	291,109	303,021	319,505	327,645	310,653	297,710
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	307,351	312,181	322,248	316,590	293,558	338,290	361,824	362,588	291,109	303,021	319,505	327,645	310,653	297,710
Stock & work in progress	585,686	590,077	537,577	569,413	515,982	499,238	473,737	458,280	494,658	502,463	498,674	496,522	501,537	518,820
Trade Debtors	463,105	598,338	572,463	601,101	465,871	496,865	418,425	646,601	472,109	459,522	419,318	454,654	448,264	384,164
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	37,335	37,134	36,054	41,250	68,920	11,943	17,280	23,614	0	0	0	0	0	0
Cash	500,966	527,120	463,874	383,778	451,547	187,680	209,848	191,634	103,777	148,005	100,163	87,618	48,460	188
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,587,092	1,752,669	1,609,968	1,595,542	1,502,320	1,195,726	1,119,290	1,320,129	1,070,544	1,109,990	1,018,155	1,038,794	998,261	903,172
total assets	1,894,443	2,064,850	1,932,216	1,912,132	1,795,878	1,534,016	1,481,114	1,682,717	1,361,653	1,413,011	1,337,660	1,366,439	1,308,914	1,200,882
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	532,172	729,377	589,874	584,041	536,055	261,311	214,825	431,534	297,537	379,973	319,092	346,985	343,215	277,046
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	2,861	10,070	0	3,754	11,381	24,944	0	0	0	0	0	0
other current liabilities	86,066	70,568	88,716	84,275	62,662	88,049	75,179	66,077	0	0	0	0	0	0
total current liabilities	618,238	799,945	681,451	678,386	598,717	353,114	301,385	522,555	297,537	379,973	319,092	346,985	343,215	277,046
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	2,861	0	0	9,998	22,429	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	0	0	14,838	0	45,551
provisions	52,860	53,350	54,800	53,000	47,700	52,700	55,900	54,250	48,000	49,000	50,600	50,300	47,953	0
total long term liabilities	52,860	53,350	54,800	55,861	47,700	52,700	65,898	76,679	48,000	49,000	50,600	65,138	47,953	45,551
total liabilities	671,098	853,295	736,251	734,247	646,417	405,814	367,283	599,234	345,537	428,973	369,692	412,123	391,168	322,597
net assets	1,223,345	1,211,555	1,195,965	1,177,885	1,149,461	1,128,202	1,113,831	1,083,483	1,016,116	984,038	967,968	954,316	917,746	878,285
total shareholders funds	1,223,345	1,211,555	1,195,965	1,177,885	1,149,461	1,128,202	1,113,831	1,083,483	1,016,116	984,038	967,968	954,316	917,746	878,285

	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	-7,291	15,531	21,897	34,674	23,849	16,748	37,433	83,470	39,976	20,250	17,494	49,079	54,685	1,129,562
Depreciation	13,961	13,512	15,501	13,794	22,870	59,158	61,049	48,408	32,424	33,668	35,500	36,405	34,516	50,699
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,766	-3,657	-4,241	-6,667	-4,987	-3,371	-7,587	-16,842	-8,527	-4,800	-4,311	-12,849	-15,346	-316,277
Stock	-4,391	52,500	-31,836	53,431	16,744	25,501	15,457	-36,378	-7,805	3,789	2,152	-5,015	-17,283	518,820
Debtors	-135,032	26,955	-33,834	107,560	25,983	73,103	-234,510	198,106	12,587	40,204	-35,336	6,390	64,100	384,164
Creditors	-197,205	139,503	5,833	47,986	274,744	46,486	-216,709	133,997	-82,436	60,881	-27,893	3,770	66,169	277,046
Accruals and Deferred Income	15,498	-18,148	4,441	21,613	-25,387	12,870	9,102	66,077	0	0	0	0	0	0
Deferred Taxes & Provisions	-490	-1,450	1,800	5,300	-5,000	-3,200	1,650	6,250	-1,000	-1,600	300	2,347	47,953	0
Cash flow from operations	-38,870	65,836	110,901	-44,291	243,362	30,087	103,991	159,632	-24,345	64,406	54,274	77,377	141,160	238,046
Investing Activities
capital expenditure	-9,131	-3,445	-21,159	-36,826	21,862	-35,624	-60,285	-119,887	-20,512	-17,184	-27,360	-53,397	-47,459	-348,409
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,131	-3,445	-21,159	-36,826	21,862	-35,624	-60,285	-119,887	-20,512	-17,184	-27,360	-53,397	-47,459	-348,409
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	-2,861	-10,070	12,931	-3,754	-17,625	-25,994	47,373	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-14,838	14,838	-45,551	45,551
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	65,000
interest	21,847	3,716	424	418	2,397	994	502	739	629	620	469	340	122	0
cash flow from financing	21,847	855	-9,646	13,349	-1,357	-16,631	-25,492	48,112	629	620	-14,369	15,178	-45,429	110,551
cash and cash equivalents
cash	-26,154	63,246	80,096	-67,769	263,867	-22,168	18,214	87,857	-44,228	47,842	12,545	39,158	48,272	188
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-26,154	63,246	80,096	-67,769	263,867	-22,168	18,214	87,857	-44,228	47,842	12,545	39,158	48,272	188

P&L

March 2023

turnover

2.7m

-2%

operating profit

-7.3k

gross margin

33.6%

turnover

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

Balance Sheet

March 2023

net assets

1.2m

+0.01%

total assets

1.9m

-0.08%

cash

501k

-0.05%

net assets

Total assets minus all liabilities

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company number

00824746

Type

Private limited with Share Capital

industry

25710 - Manufacture of cutlery

incorporation date

October 1964

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

j.h.goodman(bloxwich)limited (December 1979)

incorporated

address

birchills house trading estate, green lane, walsall, west midlands, WS2 8LF

last accounts submitted

March 2023

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 4 charges/mortgages relating to birchills automotive (presswork) limited. Currently there are 4 open charges and 0 have been satisfied in the past.

birchills automotive (presswork) limited Company Information

birchills automotive (presswork) limited Estimated Valuation

birchills automotive (presswork) limited Estimated Valuation

birchills automotive (presswork) limited Estimated Valuation

Birchills Automotive (presswork) Limited AI Business Plan

Birchills Automotive (presswork) Limited Overview

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BIRCHILLS AUTOMOTIVE (PRESSWORK) LIMITED financials

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birchills automotive (presswork) limited Charges & Mortgages

birchills automotive (presswork) limited Companies House Filings - See Documents