paintwell limited
paintwell limited Company Information
Company Number
00867825
Next Accounts
180 days late
Shareholders
paintwell holdings limited
Group Structure
View All
Industry
Retail sale of hardware, paints and glass in specialised stores
Registered Address
c/o kroll advisory ltd the shard, london bridge street, london, SE1 9SG
Website
www.bromboroughpaints.co.ukpaintwell limited Estimated Valuation
Pomanda estimates the enterprise value of PAINTWELL LIMITED at £13.3m based on a Turnover of £19.7m and 0.67x industry multiple (adjusted for size and gross margin).
paintwell limited Estimated Valuation
Pomanda estimates the enterprise value of PAINTWELL LIMITED at £0 based on an EBITDA of £-576.2k and a 5.82x industry multiple (adjusted for size and gross margin).
paintwell limited Estimated Valuation
Pomanda estimates the enterprise value of PAINTWELL LIMITED at £4.5m based on Net Assets of £2m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Paintwell Limited Overview
Paintwell Limited is a live company located in london, SE1 9SG with a Companies House number of 00867825. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in December 1965, it's largest shareholder is paintwell holdings limited with a 100% stake. Paintwell Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.7m with healthy growth in recent years.
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Paintwell Limited Health Check
Pomanda's financial health check has awarded Paintwell Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £19.7m, make it larger than the average company (£15.5m)
£19.7m - Paintwell Limited
£15.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.9%)
5% - Paintwell Limited
5.9% - Industry AVG
Production
with a gross margin of 35.8%, this company has a comparable cost of product (33.6%)
35.8% - Paintwell Limited
33.6% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (6.8%)
-4.8% - Paintwell Limited
6.8% - Industry AVG
Employees
with 162 employees, this is above the industry average (54)
162 - Paintwell Limited
54 - Industry AVG
Pay Structure
on an average salary of £28.7k, the company has an equivalent pay structure (£31.5k)
£28.7k - Paintwell Limited
£31.5k - Industry AVG
Efficiency
resulting in sales per employee of £121.5k, this is less efficient (£202.9k)
£121.5k - Paintwell Limited
£202.9k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (33 days)
34 days - Paintwell Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (47 days)
107 days - Paintwell Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 168 days, this is more than average (109 days)
168 days - Paintwell Limited
109 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (17 weeks)
1 weeks - Paintwell Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.3%, this is a higher level of debt than the average (46.5%)
93.3% - Paintwell Limited
46.5% - Industry AVG
PAINTWELL LIMITED financials
Paintwell Limited's latest turnover from December 2022 is £19.7 million and the company has net assets of £2 million. According to their latest financial statements, Paintwell Limited has 162 employees and maintains cash reserves of £503.8 thousand 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 | 19,681,753 | 18,166,840 | 16,878,916 | 17,019,701 | 16,158,937 | 14,732,621 | 13,515,848 | 11,861,802 | 11,298,973 | 10,114,711 | 9,442,017 | 8,577,082 | 7,856,131 | 7,840,390 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 12,639,701 | 11,626,499 | 10,968,093 | 10,884,020 | 10,215,007 | 9,230,758 | 8,330,889 | 7,467,863 | 7,148,330 | 6,420,135 | 6,153,929 | 5,428,408 | 5,003,410 | 5,123,881 |
| Gross Profit | 7,042,052 | 6,540,341 | 5,910,823 | 6,135,681 | 5,943,930 | 5,501,863 | 5,184,959 | 4,393,939 | 4,150,643 | 3,694,576 | 3,288,088 | 3,148,674 | 2,852,721 | 2,716,509 |
| Admin Expenses | 7,981,825 | 5,303,984 | 4,525,213 | 5,165,540 | 4,834,351 | 4,546,723 | 4,341,520 | 2,758,909 | 3,250,585 | 3,002,810 | 2,930,743 | 2,896,827 | 2,633,272 | 2,529,923 |
| Operating Profit | -939,773 | 1,236,357 | 1,385,610 | 970,141 | 1,109,579 | 955,140 | 843,439 | 1,635,030 | 900,058 | 691,766 | 357,345 | 251,847 | 219,449 | 186,586 |
| Interest Payable | 511,974 | 101,975 | 34 | 2,011 | 4,602 | 2,005 | 1,720 | 2,000 | 2,185 | 4,504 | 9,242 | 8,078 | 9,927 | |
| Interest Receivable | 18 | 9,698 | 13,980 | 2,054 | 924 | 5,196 | 4,973 | 2,462 | 837 | 1,352 | 3,253 | 7,942 | 17,598 | |
| Pre-Tax Profit | -1,451,729 | 1,134,382 | 1,395,308 | 1,054,995 | 1,119,590 | 961,097 | 846,714 | 1,638,283 | 900,520 | 690,418 | 354,193 | 729,975 | 199,313 | 194,257 |
| Tax | 391,316 | -180,000 | -336,877 | -247,930 | -240,980 | -155,339 | -235,300 | -310,000 | -204,183 | -177,382 | -91,671 | -70,480 | -64,631 | -58,411 |
| Profit After Tax | -1,060,413 | 954,382 | 1,058,431 | 807,065 | 878,610 | 805,758 | 611,414 | 1,328,283 | 696,337 | 513,036 | 262,522 | 659,495 | 134,682 | 135,846 |
| Dividends Paid | 11,510,000 | |||||||||||||
| Retained Profit | -1,060,413 | -10,555,618 | 1,058,431 | 807,065 | 878,610 | 805,758 | 611,414 | 1,328,283 | 696,337 | 513,036 | 262,522 | 659,495 | 134,682 | 135,846 |
| Employee Costs | 4,646,580 | 3,485,678 | 3,232,165 | 3,219,023 | 3,095,221 | 2,828,419 | 2,521,984 | 2,438,952 | 2,054,261 | 1,853,160 | 1,822,769 | 1,654,284 | 1,584,871 | 1,618,455 |
| Number Of Employees | 162 | 133 | 137 | 145 | 142 | 130 | 117 | 106 | 100 | 95 | 96 | 94 | 90 | 99 |
| EBITDA* | -576,199 | 1,360,941 | 1,915,728 | 1,346,254 | 1,498,675 | 1,317,250 | 1,199,441 | 1,858,553 | 1,112,812 | 882,265 | 549,289 | 428,540 | 365,788 | 314,234 |
* 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 | 2,324,524 | 709,232 | 2,809,342 | 2,958,607 | 3,067,651 | 3,109,930 | 2,666,023 | 2,289,094 | 2,468,886 | 2,497,533 | 2,750,943 | 2,220,785 | 1,730,450 | 1,446,409 |
| Intangible Assets | 305,136 | 420,309 | 535,483 | 473,665 | 517,873 | 12,471 | 27,834 | 43,197 | ||||||
| Investments & Other | 16,616,327 | 1 | 350 | 497,454 | 544,369 | 506,849 | 350 | 350 | 10,350 | 10,350 | 10,350 | 10,350 | 30,350 | |
| Debtors (Due After 1 year) | 40,000 | 136,315 | 101,585 | 187,928 | 458,156 | 506,795 | ||||||||
| Total Fixed Assets | 18,940,851 | 709,233 | 2,809,342 | 3,264,093 | 3,985,414 | 4,189,782 | 3,646,537 | 2,807,317 | 2,509,236 | 2,644,198 | 2,862,878 | 2,431,534 | 2,226,790 | 2,026,751 |
| Stock & work in progress | 5,826,821 | 3,822,386 | 3,732,685 | 4,553,180 | 4,328,883 | 3,966,474 | 3,295,617 | 2,761,023 | 2,476,235 | 2,068,328 | 1,985,010 | 1,970,887 | 1,902,607 | 1,889,678 |
| Trade Debtors | 1,848,865 | 1,447,657 | 1,331,973 | 1,174,452 | 1,191,311 | 1,071,879 | 1,100,421 | 1,030,311 | 1,019,500 | 978,823 | 896,357 | 909,254 | 793,947 | 741,981 |
| Group Debtors | 343,339 | 97,774 | ||||||||||||
| Misc Debtors | 2,200,335 | 1,331,533 | 1,309,844 | 1,342,713 | 1,404,524 | 1,308,660 | 1,098,261 | 904,689 | 996,831 | 788,890 | 663,390 | 600,418 | 542,408 | 528,457 |
| Cash | 503,832 | 613,502 | 4,894,875 | 2,480,086 | 1,572,086 | 874,488 | 1,311,866 | 2,206,603 | 1,166,896 | 741,398 | 187,749 | 460,806 | 768,765 | 579,729 |
| misc current assets | ||||||||||||||
| total current assets | 10,723,192 | 7,312,852 | 11,269,377 | 9,550,431 | 8,496,804 | 7,221,501 | 6,806,165 | 6,902,626 | 5,659,462 | 4,577,439 | 3,732,506 | 3,941,365 | 4,007,727 | 3,739,845 |
| total assets | 29,664,043 | 8,022,085 | 14,078,719 | 12,814,524 | 12,482,218 | 11,411,283 | 10,452,702 | 9,709,943 | 8,168,698 | 7,221,637 | 6,595,384 | 6,372,899 | 6,234,517 | 5,766,596 |
| Bank overdraft | 406,366 | 182,586 | 5,809 | 6,155 | ||||||||||
| Bank loan | 117,600 | 88,800 | 363,800 | |||||||||||
| Trade Creditors | 3,718,124 | 1,735,622 | 560,786 | 769,908 | 714,198 | 811,268 | 1,079,259 | 780,268 | 792,913 | 561,704 | 398,105 | 553,702 | 565,563 | 495,569 |
| Group/Directors Accounts | 17,207,039 | 156,578 | 1,000 | 1,000 | 90,641 | 100,641 | 122,922 | 127,244 | 144,544 | |||||
| other short term finances | 624,958 | 832,991 | 118,800 | |||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,596,058 | 552,939 | 1,022,915 | 670,029 | 796,932 | 722,297 | 577,272 | 740,374 | 584,520 | 478,558 | 396,508 | 192,473 | 284,083 | 235,217 |
| total current liabilities | 23,146,179 | 3,278,130 | 1,583,701 | 1,439,937 | 1,918,496 | 1,717,151 | 1,662,340 | 1,526,797 | 1,377,433 | 1,130,903 | 1,012,854 | 957,897 | 1,340,690 | 994,130 |
| loans | 4,327,414 | 1,458,288 | 14,400 | 103,200 | 252,000 | 280,800 | ||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 100,000 | |||||||||||||
| provisions | 90,196 | 225,000 | 100,000 | 38,000 | 34,200 | 43,220 | 92,930 | 97,130 | 33,530 | 29,336 | 19,768 | 25,962 | 15,482 | |
| total long term liabilities | 4,517,610 | 1,683,288 | 100,000 | 38,000 | 34,200 | 43,220 | 92,930 | 97,130 | 33,530 | 29,336 | 34,168 | 129,162 | 267,482 | 280,800 |
| total liabilities | 27,663,789 | 4,961,418 | 1,683,701 | 1,477,937 | 1,952,696 | 1,760,371 | 1,755,270 | 1,623,927 | 1,410,963 | 1,160,239 | 1,047,022 | 1,087,059 | 1,608,172 | 1,274,930 |
| net assets | 2,000,254 | 3,060,667 | 12,395,018 | 11,336,587 | 10,529,522 | 9,650,912 | 8,697,432 | 8,086,016 | 6,757,735 | 6,061,398 | 5,548,362 | 5,285,840 | 4,626,345 | 4,491,666 |
| total shareholders funds | 2,000,254 | 3,060,667 | 12,395,018 | 11,336,587 | 10,529,522 | 9,650,912 | 8,697,432 | 8,086,016 | 6,757,735 | 6,061,398 | 5,548,362 | 5,285,840 | 4,626,345 | 4,491,666 |
| 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 | -939,773 | 1,236,357 | 1,385,610 | 970,141 | 1,109,579 | 955,140 | 843,439 | 1,635,030 | 900,058 | 691,766 | 357,345 | 251,847 | 219,449 | 186,586 |
| Depreciation | 363,574 | 124,584 | 224,982 | 260,940 | 273,922 | 248,811 | 238,577 | 223,523 | 212,754 | 190,499 | 179,473 | 161,330 | 130,976 | 112,284 |
| Amortisation | 305,136 | 115,173 | 115,174 | 113,299 | 117,425 | 12,471 | 15,363 | 15,363 | 15,364 | |||||
| Tax | 391,316 | -180,000 | -336,877 | -247,930 | -240,980 | -155,339 | -235,300 | -310,000 | -204,183 | -177,382 | -91,671 | -70,480 | -64,631 | -58,411 |
| Stock | 2,004,435 | 89,701 | -820,495 | 224,297 | 362,409 | 670,857 | 534,594 | 284,788 | 407,907 | 83,318 | 14,123 | 68,280 | 12,929 | 1,889,678 |
| Debtors | 1,515,575 | 235,147 | 124,652 | -78,670 | 215,296 | 181,857 | 263,682 | -121,331 | 152,303 | 242,696 | -36,268 | -96,911 | 17,278 | 1,777,233 |
| Creditors | 1,982,502 | 1,174,836 | -209,122 | 55,710 | -97,070 | -267,991 | 298,991 | -12,645 | 231,209 | 163,599 | -155,597 | -11,861 | 69,994 | 495,569 |
| Accruals and Deferred Income | 1,043,119 | -469,976 | 352,886 | -126,903 | 74,635 | 145,025 | -163,102 | 155,854 | 105,962 | 82,050 | 204,035 | -91,610 | 48,866 | 235,217 |
| Deferred Taxes & Provisions | -134,804 | 125,000 | 62,000 | 3,800 | -9,020 | -49,710 | -4,200 | 63,600 | 4,194 | 9,568 | -6,194 | 10,480 | 15,482 | |
| Cash flow from operations | -814,076 | 1,685,953 | 2,480,458 | 885,304 | 648,535 | 136,521 | 297,554 | 1,591,905 | 689,784 | 634,086 | 522,007 | 293,700 | 405,292 | -2,680,302 |
| Investing Activities | ||||||||||||||
| capital expenditure | -230,919 | -717,762 | -1,416,841 | 501,385 | -184,080 | -705,121 | -167,548 | -414,004 | -137,146 | |||||
| Change in Investments | 16,616,326 | 1 | -350 | -497,104 | -46,915 | 37,520 | 506,499 | -10,000 | -20,000 | 30,350 | ||||
| cash flow from investments | -1 | 350 | 497,104 | -184,004 | -755,282 | -1,923,340 | 501,385 | -174,080 | -705,121 | -167,548 | -394,004 | -167,496 | ||
| Financing Activities | ||||||||||||||
| Bank loans | -117,600 | 28,800 | -275,000 | 363,800 | ||||||||||
| Group/Directors Accounts | 17,050,461 | 156,578 | -1,000 | 1,000 | -90,641 | -10,000 | -22,281 | -4,322 | -17,300 | 144,544 | ||||
| Other Short Term Loans | -208,033 | 832,991 | -118,800 | 118,800 | ||||||||||
| Long term loans | 2,869,126 | 1,458,288 | -14,400 | -88,800 | -148,800 | -28,800 | 280,800 | |||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 100,000 | |||||||||||||
| share issue | ||||||||||||||
| interest | -511,956 | -101,975 | 9,698 | 13,946 | 43 | -3,678 | 3,191 | 3,253 | 462 | -1,348 | -3,152 | -5,989 | -136 | 7,671 |
| cash flow from financing | 19,299,598 | 3,567,149 | 9,698 | 12,946 | 43 | 145,044 | 3,193 | 3,251 | -90,179 | -143,348 | -85,433 | -434,111 | 198,761 | 4,907,635 |
| cash and cash equivalents | ||||||||||||||
| cash | -109,670 | -4,281,373 | 2,414,789 | 908,000 | 697,598 | -437,378 | -894,737 | 1,039,707 | 425,498 | 553,649 | -273,057 | -307,959 | 189,036 | 579,729 |
| overdraft | -406,366 | 223,780 | 176,777 | -346 | 6,155 | |||||||||
| change in cash | -109,670 | -4,281,373 | 2,414,789 | 1,314,366 | 473,818 | -614,155 | -894,391 | 1,033,552 | 425,498 | 553,649 | -273,057 | -307,959 | 189,036 | 579,729 |
paintwell limited Credit Report and Business Information
Paintwell Limited Competitor Analysis
Perform a competitor analysis for paintwell limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
paintwell limited Ownership
PAINTWELL LIMITED group structure
Paintwell Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
PAINTWELL LIMITED
00867825
4 subsidiaries
paintwell limited directors
Paintwell Limited currently has 4 directors. The longest serving directors include Mr John Ferrington (Dec 2012) and Mr Daniel Peacock (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Ferrington | 57 years | Dec 2012 | - | Director | |
| Mr Daniel Peacock | 32 years | Oct 2020 | - | Director | |
| Mr Keith Reville | England | 52 years | Apr 2023 | - | Director |
| Mr Geoffrey Craythorne | 74 years | Jan 2024 | - | Director |
P&L
December 2022turnover
19.7m
+8%
operating profit
-939.8k
-176%
gross margin
35.8%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2m
-0.35%
total assets
29.7m
+2.7%
cash
503.8k
-0.18%
net assets
Total assets minus all liabilities
paintwell limited company details
company number
00867825
Type
Private limited with Share Capital
industry
47520 - Retail sale of hardware, paints and glass in specialised stores
incorporation date
December 1965
age
60
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
bromborough paints limited (September 2021)
bromborough paint & building supplies limited (March 2021)
accountant
-
auditor
DSG
address
c/o kroll advisory ltd the shard, london bridge street, london, SE1 9SG
Bank
HSBC BANK PLC
Legal Advisor
-
paintwell 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 6 charges/mortgages relating to paintwell limited. Currently there are 3 open charges and 3 have been satisfied in the past.
paintwell 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.
Click to start generating capital raising & share issue transactions for PAINTWELL LIMITED. This can take several minutes, an email will notify you when this has completed.
paintwell limited Companies House Filings - See Documents
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