sherwin-williams protective & marine coatings
sherwin-williams protective & marine coatings Company Information
Company Number
00893081
Next Accounts
923 days late
Shareholders
sherwin-williams uk holding limited
Group Structure
View All
Industry
Manufacture of paints, varnishes and similar coatings, mastics and sealants
Registered Address
12 wellington place, leeds, LS1 4AP
Website
http://sherwin-williams.comsherwin-williams protective & marine coatings Estimated Valuation
Pomanda estimates the enterprise value of SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS at £88m based on a Turnover of £67m and 1.31x industry multiple (adjusted for size and gross margin).
sherwin-williams protective & marine coatings Estimated Valuation
Pomanda estimates the enterprise value of SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS at £56.4m based on an EBITDA of £6.5m and a 8.68x industry multiple (adjusted for size and gross margin).
sherwin-williams protective & marine coatings Estimated Valuation
Pomanda estimates the enterprise value of SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS at £49.7m based on Net Assets of £23.7m and 2.1x industry multiple (adjusted for liquidity).
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Sherwin-williams Protective & Marine Coatings Overview
Sherwin-williams Protective & Marine Coatings is a live company located in leeds, LS1 4AP with a Companies House number of 00893081. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in November 1966, it's largest shareholder is sherwin-williams uk holding limited with a 100% stake. Sherwin-williams Protective & Marine Coatings is a mature, large sized company, Pomanda has estimated its turnover at £67m with healthy growth in recent years.
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Sherwin-williams Protective & Marine Coatings Health Check
Pomanda's financial health check has awarded Sherwin-Williams Protective & Marine Coatings a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £67m, make it larger than the average company (£19.5m)
£67m - Sherwin-williams Protective & Marine Coatings
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (1.5%)
6% - Sherwin-williams Protective & Marine Coatings
1.5% - Industry AVG
Production
with a gross margin of 33%, this company has a comparable cost of product (33%)
33% - Sherwin-williams Protective & Marine Coatings
33% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (5.9%)
8.4% - Sherwin-williams Protective & Marine Coatings
5.9% - Industry AVG
Employees
with 260 employees, this is above the industry average (77)
260 - Sherwin-williams Protective & Marine Coatings
77 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has an equivalent pay structure (£45.7k)
£54.6k - Sherwin-williams Protective & Marine Coatings
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £257.5k, this is more efficient (£216.4k)
£257.5k - Sherwin-williams Protective & Marine Coatings
£216.4k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (60 days)
76 days - Sherwin-williams Protective & Marine Coatings
60 days - Industry AVG
Creditor Days
its suppliers are paid after 90 days, this is slower than average (41 days)
90 days - Sherwin-williams Protective & Marine Coatings
41 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is in line with average (68 days)
55 days - Sherwin-williams Protective & Marine Coatings
68 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sherwin-williams Protective & Marine Coatings
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.2%, this is a higher level of debt than the average (44.5%)
53.2% - Sherwin-williams Protective & Marine Coatings
44.5% - Industry AVG
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS financials
Sherwin-Williams Protective & Marine Coatings's latest turnover from December 2020 is £67 million and the company has net assets of £23.7 million. According to their latest financial statements, Sherwin-Williams Protective & Marine Coatings has 260 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 66,961,996 | 71,560,516 | 65,935,696 | 56,683,843 | 52,721,385 | 42,342,817 | 41,615,268 | 44,843,655 | 44,300,669 | 38,525,635 | 31,730,267 | 31,558,526 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | 5,597,980 | 6,317,004 | -6,588,354 | -1,096,761 | 4,112,973 | -72,620 | -2,837,964 | 241,143 | 3,326,508 | -2,783,834 | -2,616,031 | -1,795,059 |
| Interest Payable | 107,258 | 294,759 | 215,759 | 70,098 | 52,073 | 156,361 | 98,962 | 1,356 | 109,445 | 88,463 | 1,285,980 | 1,191,144 |
| Interest Receivable | 193,000 | 189,000 | 213,000 | 187,727 | 192,440 | 173,356 | 346,916 | 331,407 | 280,491 | 775,890 | 1,982,701 | 1,523,799 |
| Pre-Tax Profit | 5,683,722 | 6,211,245 | -6,591,113 | -979,132 | 4,253,340 | -55,625 | -2,617,010 | 571,194 | 3,497,554 | -2,096,407 | -1,919,310 | -1,392,986 |
| Tax | -2,283,369 | -32,913 | -28,500 | 581,119 | -566,957 | -41,993 | 241,020 | -148,225 | 57,490 | -458,000 | 834,583 | 547,074 |
| Profit After Tax | 3,400,353 | 6,178,332 | -6,619,613 | -398,013 | 3,686,383 | -97,618 | -2,375,990 | 422,969 | 3,555,044 | -2,554,407 | -1,084,727 | -845,912 |
| Dividends Paid | 13,997 | 655,552 | ||||||||||
| Retained Profit | 3,400,353 | 6,178,332 | -6,619,613 | -398,013 | 3,686,383 | -97,618 | -2,375,990 | 422,969 | 3,555,044 | -2,554,407 | -1,098,724 | -1,501,464 |
| Employee Costs | 14,206,304 | 13,307,715 | 13,430,976 | 12,106,210 | 10,506,149 | 9,382,404 | 10,021,895 | 9,087,219 | 9,087,426 | 10,058,006 | 9,061,191 | 9,019,314 |
| Number Of Employees | 260 | 264 | 263 | 233 | 222 | 223 | 245 | 252 | 246 | 269 | 273 | 275 |
| EBITDA* | 6,495,787 | 7,191,172 | -5,757,517 | -248,808 | 4,782,565 | 588,404 | -2,234,527 | 877,246 | 4,100,283 | -1,975,325 | -1,868,939 | -1,039,810 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 5,334,470 | 5,913,055 | 6,018,378 | 5,762,947 | 5,720,154 | 5,392,588 | 4,890,697 | 4,093,711 | 3,135,709 | 3,682,989 | 4,114,868 | 4,231,378 |
| Intangible Assets | ||||||||||||
| Investments & Other | 12,624,000 | 10,612,000 | 6,518,000 | 8,286,000 | 5,680,000 | 4,806,489 | 2,578,489 | 137,489 | 137,489 | 137,489 | 5,634,489 | 5,379,489 |
| Debtors (Due After 1 year) | 86,307 | 364,289 | 430,070 | 259,000 | 455,000 | |||||||
| Total Fixed Assets | 17,958,470 | 16,525,055 | 12,536,378 | 14,048,947 | 11,400,154 | 10,199,077 | 7,555,493 | 4,595,489 | 3,703,268 | 4,079,478 | 10,204,357 | 9,610,867 |
| Stock & work in progress | 6,829,122 | 8,747,649 | 8,347,678 | 9,801,538 | 5,202,017 | 4,552,959 | 4,239,815 | 5,909,562 | 5,581,831 | 6,175,416 | 5,140,101 | 4,692,744 |
| Trade Debtors | 13,981,309 | 14,151,494 | 11,926,489 | 11,066,448 | 11,088,887 | 9,343,952 | 9,811,154 | 8,289,236 | 9,791,069 | 6,918,477 | 7,763,505 | 5,087,502 |
| Group Debtors | 11,521,119 | 7,598,234 | 8,099,734 | 2,595,642 | 3,165,656 | 449,913 | 827,439 | 1,570,881 | 453,041 | 977,238 | ||
| Misc Debtors | 356,236 | 693,493 | 332,644 | 301,931 | 481,139 | 383,188 | 491,180 | 623,185 | 249,387 | 378,109 | 758,972 | 1,139,352 |
| Cash | 42,373 | 24,889 | 268,475 | 995,281 | 1,798,323 | 149,051 | 56,825 | |||||
| misc current assets | ||||||||||||
| total current assets | 32,687,786 | 31,190,870 | 28,706,545 | 23,765,559 | 19,980,072 | 14,730,012 | 15,394,477 | 16,661,339 | 17,070,609 | 16,247,563 | 13,811,629 | 10,976,423 |
| total assets | 50,646,256 | 47,715,925 | 41,242,923 | 37,814,506 | 31,380,226 | 24,929,089 | 22,949,970 | 21,256,828 | 20,773,877 | 20,327,041 | 24,015,986 | 20,587,290 |
| Bank overdraft | 1,090 | 78,478 | 737,457 | |||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 11,116,368 | 8,941,349 | 7,677,797 | 6,267,741 | 1,826,459 | 4,530,706 | 4,489,944 | 5,598,679 | 6,393,971 | 5,773,803 | 4,859,194 | 2,619,186 |
| Group/Directors Accounts | 7,620,624 | 13,164,077 | 19,565,193 | 8,982,954 | 7,097,971 | 5,973,725 | 6,660,160 | 3,695,093 | 1,736,508 | 6,158,341 | ||
| other short term finances | 1,665,328 | |||||||||||
| hp & lease commitments | 37,687 | 36,343 | ||||||||||
| other current liabilities | 6,085,144 | 6,818,331 | 4,218,109 | 4,567,967 | 6,293,232 | 2,714,119 | 2,491,960 | 1,789,960 | 2,608,081 | 1,648,109 | 1,108,066 | 728,530 |
| total current liabilities | 24,822,136 | 28,923,757 | 31,461,099 | 19,819,752 | 15,217,662 | 13,297,028 | 13,642,064 | 11,083,732 | 10,738,560 | 13,580,253 | 8,407,732 | 3,384,059 |
| loans | ||||||||||||
| hp & lease commitments | 121,059 | 158,812 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 2,106,211 | 608,258 | 539,513 | 3,500 | ||||||||
| total long term liabilities | 2,106,211 | 608,258 | 539,513 | 121,059 | 162,312 | |||||||
| total liabilities | 26,928,347 | 28,923,757 | 31,461,099 | 19,819,752 | 15,825,920 | 13,836,541 | 13,642,064 | 11,083,732 | 10,738,560 | 13,580,253 | 8,528,791 | 3,546,371 |
| net assets | 23,717,909 | 18,792,168 | 9,781,824 | 17,994,754 | 15,554,306 | 11,092,548 | 9,307,906 | 10,173,096 | 10,035,317 | 6,746,788 | 15,487,195 | 17,040,919 |
| total shareholders funds | 23,717,909 | 18,792,168 | 9,781,824 | 17,994,754 | 15,554,306 | 11,092,548 | 9,307,906 | 10,173,096 | 10,035,317 | 6,746,788 | 15,487,195 | 17,040,919 |
| 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 | 5,597,980 | 6,317,004 | -6,588,354 | -1,096,761 | 4,112,973 | -72,620 | -2,837,964 | 241,143 | 3,326,508 | -2,783,834 | -2,616,031 | -1,795,059 |
| Depreciation | 897,807 | 874,168 | 830,837 | 847,953 | 669,592 | 661,024 | 603,437 | 636,103 | 773,775 | 808,509 | 747,092 | 755,249 |
| Amortisation | ||||||||||||
| Tax | -2,283,369 | -32,913 | -28,500 | 581,119 | -566,957 | -41,993 | 241,020 | -148,225 | 57,490 | -458,000 | 834,583 | 547,074 |
| Stock | -1,918,527 | 399,971 | -1,453,860 | 4,599,521 | 649,058 | 313,144 | -1,669,747 | 327,731 | -593,585 | 1,035,315 | 447,357 | 4,692,744 |
| Debtors | 3,415,443 | 2,084,354 | 6,394,846 | -771,661 | 4,558,629 | -1,039,027 | 368,489 | -75,976 | 2,390,743 | -444,653 | 2,750,623 | 6,226,854 |
| Creditors | 2,175,019 | 1,263,552 | 1,410,056 | 4,441,282 | -2,704,247 | 40,762 | -1,108,735 | -795,292 | 620,168 | 914,609 | 2,240,008 | 2,619,186 |
| Accruals and Deferred Income | -733,187 | 2,600,222 | -349,858 | -1,725,265 | 3,579,113 | 222,159 | 702,000 | -818,121 | 959,972 | 540,043 | 379,536 | 728,530 |
| Deferred Taxes & Provisions | 2,106,211 | -608,258 | 68,745 | 539,513 | -3,500 | 3,500 | ||||||
| Cash flow from operations | 6,263,545 | 8,537,708 | -9,666,805 | -1,387,790 | -48,468 | 2,074,728 | -1,098,984 | -1,136,147 | 3,940,755 | -1,569,335 | -1,616,292 | -8,061,118 |
| Investing Activities | ||||||||||||
| capital expenditure | -590,172 | -1,000,319 | ||||||||||
| Change in Investments | 2,012,000 | 4,094,000 | -1,768,000 | 2,606,000 | 873,511 | 2,228,000 | 2,441,000 | -5,497,000 | 255,000 | 5,379,489 | ||
| cash flow from investments | -845,172 | -6,379,808 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -5,543,453 | -6,401,116 | 10,582,239 | 1,884,983 | 1,124,246 | -686,435 | 2,965,067 | 1,958,585 | -4,421,833 | 6,158,341 | ||
| Other Short Term Loans | -1,665,328 | 1,665,328 | ||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -158,746 | -36,409 | 195,155 | |||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | 85,742 | -105,759 | -2,759 | 117,629 | 140,367 | 16,995 | 247,954 | 330,051 | 171,046 | 687,427 | 696,721 | 332,655 |
| cash flow from financing | -3,932,323 | -3,674,863 | 8,986,163 | 4,841,073 | 2,039,988 | 1,212,820 | 4,723,821 | 2,003,446 | -4,517,302 | -1,164,306 | 1,870,640 | 19,070,193 |
| cash and cash equivalents | ||||||||||||
| cash | -42,373 | 42,373 | -24,889 | -243,586 | -726,806 | -803,042 | 1,649,272 | 92,226 | 56,825 | |||
| overdraft | -1,090 | 1,090 | -78,478 | 78,478 | -737,457 | 737,457 | ||||||
| change in cash | 1,090 | -43,463 | 120,851 | -103,367 | -243,586 | -726,806 | -803,042 | 2,386,729 | -645,231 | 56,825 |
sherwin-williams protective & marine coatings Credit Report and Business Information
Sherwin-williams Protective & Marine Coatings Competitor Analysis
Perform a competitor analysis for sherwin-williams protective & marine coatings by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
sherwin-williams protective & marine coatings Ownership
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS group structure
Sherwin-Williams Protective & Marine Coatings has 1 subsidiary company.
Ultimate parent company
THE SHERWIN-WILLIAMS CO
#0109664
2 parents
SHERWIN-WILLIAMS PROTECTIVE & MARINE COATINGS
00893081
1 subsidiary
sherwin-williams protective & marine coatings directors
Sherwin-Williams Protective & Marine Coatings currently has 5 directors. The longest serving directors include Mr David Wright (Apr 2022) and Ms Catherine Morley (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wright | 60 years | Apr 2022 | - | Director | |
| Ms Catherine Morley | United Kingdom | 57 years | Aug 2022 | - | Director |
| Ms Catherine Morley | 57 years | Aug 2022 | - | Director | |
| Mr Simon Walker | United Kingdom | 52 years | Aug 2022 | - | Director |
| Mr Simon Walker | United Kingdom | 52 years | Aug 2022 | - | Director |
P&L
December 2020turnover
67m
-6%
operating profit
5.6m
-11%
gross margin
33%
+1.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
23.7m
+0.26%
total assets
50.6m
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
sherwin-williams protective & marine coatings company details
company number
00893081
Type
Private unlimited with Share Capital
industry
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
incorporation date
November 1966
age
59
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
leighs paints (December 2012)
leigh's paints (December 2007)
accountant
-
auditor
DELOITTE LLP
address
12 wellington place, leeds, LS1 4AP
Bank
J P MORGAN
Legal Advisor
EVERSHEDS LLP
sherwin-williams protective & marine coatings 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 3 charges/mortgages relating to sherwin-williams protective & marine coatings. Currently there are 0 open charges and 3 have been satisfied in the past.
sherwin-williams protective & marine coatings 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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sherwin-williams protective & marine coatings Companies House Filings - See Documents
| date | description | view/download |
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