renown gears limited Company Information
Company Number
00902451
Next Accounts
28 days late
Industry
Machining
Shareholders
renown holdings limited
Group Structure
View All
Contact
Registered Address
renown house, greenbank business park, blackburn, lancashire, BB1 3AB
Website
www.renowngears.co.ukrenown gears limited Estimated Valuation
Pomanda estimates the enterprise value of RENOWN GEARS LIMITED at £1.3m based on a Turnover of £3.2m and 0.42x industry multiple (adjusted for size and gross margin).
renown gears limited Estimated Valuation
Pomanda estimates the enterprise value of RENOWN GEARS LIMITED at £35.2k based on an EBITDA of £10.3k and a 3.4x industry multiple (adjusted for size and gross margin).
renown gears limited Estimated Valuation
Pomanda estimates the enterprise value of RENOWN GEARS LIMITED at £3.9m based on Net Assets of £2.2m and 1.8x industry multiple (adjusted for liquidity).
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Renown Gears Limited Overview
Renown Gears Limited is a live company located in blackburn, BB1 3AB with a Companies House number of 00902451. It operates in the machining sector, SIC Code 25620. Founded in March 1967, it's largest shareholder is renown holdings limited with a 100% stake. Renown Gears Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.
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Renown Gears Limited Health Check
Pomanda's financial health check has awarded Renown Gears Limited a 2.5 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
1 Strong
4 Regular
7 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£9.4m)
- Renown Gears Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (2.3%)
- Renown Gears Limited
2.3% - Industry AVG
Production
with a gross margin of 27.3%, this company has a comparable cost of product (27.3%)
- Renown Gears Limited
27.3% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (6.1%)
- Renown Gears Limited
6.1% - Industry AVG
Employees
with 29 employees, this is below the industry average (72)
29 - Renown Gears Limited
72 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Renown Gears Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £109.2k, this is less efficient (£131.3k)
- Renown Gears Limited
£131.3k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (66 days)
- Renown Gears Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is quicker than average (50 days)
- Renown Gears Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 79 days, this is in line with average (67 days)
- Renown Gears Limited
67 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (12 weeks)
11 weeks - Renown Gears Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.2%, this is a lower level of debt than the average (47.7%)
23.2% - Renown Gears Limited
47.7% - Industry AVG
RENOWN GEARS LIMITED financials
Renown Gears Limited's latest turnover from March 2023 is estimated at £3.2 million and the company has net assets of £2.2 million. According to their latest financial statements, Renown Gears Limited has 29 employees and maintains cash reserves of £100.1 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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 29 | 29 | 37 | 42 | 37 | 39 | 39 | 39 | 39 | |||||
EBITDA* |
* 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 | 1,207,554 | 1,219,776 | 1,362,722 | 1,477,538 | 1,605,943 | 1,631,397 | 1,597,575 | 1,665,769 | 1,799,607 | 1,896,752 | 1,815,650 | 1,808,384 | 1,877,877 | 1,834,613 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 608,470 | 608,470 | 1,208,470 | 1,186,190 | 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 | 1,207,554 | 1,219,776 | 1,362,722 | 1,477,538 | 1,605,943 | 2,239,867 | 2,206,045 | 2,874,239 | 2,985,797 | 1,896,752 | 1,815,650 | 1,808,384 | 1,877,877 | 1,834,613 |
Stock & work in progress | 498,039 | 596,327 | 606,430 | 631,377 | 640,194 | 506,938 | 459,479 | 587,198 | 452,442 | 580,797 | 610,277 | 535,038 | 443,085 | 399,350 |
Trade Debtors | 767,103 | 506,295 | 659,536 | 872,405 | 844,254 | 725,204 | 624,686 | 626,920 | 686,816 | 635,804 | 703,369 | 630,142 | 572,742 | 512,428 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 33,840 | 29,307 | 31,869 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 228,683 | 313,749 | 217,661 | 238,826 | 257,649 | 202,660 | 216,966 | 249,960 | 195,665 | 0 | 0 | 22,546 | 40,808 | 29,707 |
Cash | 100,071 | 439,295 | 786 | 662 | 68,727 | 27,200 | 53,770 | 46,940 | 818 | 696 | 16,394 | 701 | 2,940 | 2,394 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,593,896 | 1,855,666 | 1,484,413 | 1,743,270 | 1,810,824 | 1,462,002 | 1,388,741 | 1,540,325 | 1,367,610 | 1,217,297 | 1,330,040 | 1,188,427 | 1,059,575 | 943,879 |
total assets | 2,801,450 | 3,075,442 | 2,847,135 | 3,220,808 | 3,416,767 | 3,701,869 | 3,594,786 | 4,414,564 | 4,353,407 | 3,114,049 | 3,145,690 | 2,996,811 | 2,937,452 | 2,778,492 |
Bank overdraft | 0 | 0 | 489,208 | 562,784 | 327,799 | 360,768 | 395,783 | 609,325 | 158,303 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 25,000 | 66,665 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 283,045 | 321,733 | 163,218 | 205,515 | 309,706 | 209,164 | 196,876 | 220,638 | 229,878 | 536,015 | 904,742 | 674,524 | 942,337 | 857,141 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | 0 | 791 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 91,061 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 157,493 | 247,697 | 141,776 | 188,308 | 254,269 | 172,564 | 135,308 | 237,043 | 266,589 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 465,538 | 636,095 | 794,202 | 956,607 | 891,774 | 782,496 | 727,967 | 1,067,006 | 746,622 | 536,015 | 904,742 | 674,524 | 942,337 | 857,141 |
loans | 50,000 | 75,000 | 203,333 | 224,181 | 310,865 | 186,212 | 292,408 | 412,468 | 823,936 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,730 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,587 | 30,579 | 31,613 | 32,696 | 33,834 |
other liabilities | 0 | 0 | 0 | 29,755 | 68,659 | 91,624 | 25,284 | 35,506 | 0 | 553,151 | 303,863 | 362,618 | 126,745 | 110,283 |
provisions | 135,560 | 123,308 | 152,243 | 167,735 | 188,227 | 176,719 | 183,411 | 200,803 | 186,930 | 198,000 | 170,400 | 177,000 | 186,000 | 178,000 |
total long term liabilities | 185,560 | 198,308 | 355,576 | 421,671 | 567,751 | 454,555 | 501,103 | 648,777 | 1,099,596 | 780,738 | 504,842 | 571,231 | 345,441 | 322,117 |
total liabilities | 651,098 | 834,403 | 1,149,778 | 1,378,278 | 1,459,525 | 1,237,051 | 1,229,070 | 1,715,783 | 1,846,218 | 1,316,753 | 1,409,584 | 1,245,755 | 1,287,778 | 1,179,258 |
net assets | 2,150,352 | 2,241,039 | 1,697,357 | 1,842,530 | 1,957,242 | 2,464,818 | 2,365,716 | 2,698,781 | 2,507,189 | 1,797,296 | 1,736,106 | 1,751,056 | 1,649,674 | 1,599,234 |
total shareholders funds | 2,150,352 | 2,241,039 | 1,697,357 | 1,842,530 | 1,957,242 | 2,464,818 | 2,365,716 | 2,698,781 | 2,507,189 | 1,797,296 | 1,736,106 | 1,751,056 | 1,649,674 | 1,599,234 |
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 | ||||||||||||||
Depreciation | 101,391 | 104,220 | 114,419 | 133,452 | 120,095 | 119,222 | 126,804 | 134,473 | 147,629 | 135,574 | 137,460 | 133,022 | 135,738 | 142,080 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -98,288 | -10,103 | -24,947 | -8,817 | 133,256 | 47,459 | -127,719 | 134,756 | -128,355 | -29,480 | 75,239 | 91,953 | 43,735 | 399,350 |
Debtors | 175,742 | -57,153 | -234,034 | 9,328 | 174,039 | 52,372 | -30,695 | -8,163 | 278,546 | -67,565 | 50,681 | 39,138 | 71,415 | 542,135 |
Creditors | -38,688 | 158,515 | -42,297 | -104,191 | 100,542 | 12,288 | -23,762 | -9,240 | -306,137 | -368,727 | 230,218 | -267,813 | 85,196 | 857,141 |
Accruals and Deferred Income | -90,204 | 105,921 | -46,532 | -65,961 | 81,705 | 37,256 | -101,735 | -29,546 | 237,002 | -992 | -1,034 | -1,083 | -1,138 | 33,834 |
Deferred Taxes & Provisions | 12,252 | -28,935 | -15,492 | -20,492 | 11,508 | -6,692 | -17,392 | 13,873 | -11,070 | 27,600 | -6,600 | -9,000 | 8,000 | 178,000 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | -608,470 | 0 | -600,000 | 22,280 | 1,186,190 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | -41,665 | 66,665 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | -40,000 | 40,000 | 0 | -791 | 791 | 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 | -25,000 | -128,333 | -20,848 | -86,684 | 124,653 | -106,196 | -120,060 | -411,468 | 823,936 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -179,791 | 179,791 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | -29,755 | -38,904 | -22,965 | 66,340 | -10,222 | 35,506 | -553,151 | 249,288 | -58,755 | 235,873 | 16,462 | 110,283 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -339,224 | 438,509 | 124 | -68,065 | 41,527 | -26,570 | 6,830 | 46,122 | 122 | -15,698 | 15,693 | -2,239 | 546 | 2,394 |
overdraft | 0 | -489,208 | -73,576 | 234,985 | -32,969 | -35,015 | -213,542 | 451,022 | 158,303 | 0 | 0 | 0 | 0 | 0 |
change in cash | -339,224 | 927,717 | 73,700 | -303,050 | 74,496 | 8,445 | 220,372 | -404,900 | -158,181 | -15,698 | 15,693 | -2,239 | 546 | 2,394 |
renown gears limited Credit Report and Business Information
Renown Gears Limited Competitor Analysis
Perform a competitor analysis for renown gears limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BB1 area or any other competitors across 12 key performance metrics.
renown gears limited Ownership
RENOWN GEARS LIMITED group structure
Renown Gears Limited has 1 subsidiary company.
renown gears limited directors
Renown Gears Limited currently has 2 directors. The longest serving directors include Mr Jason Madden (Jun 1992) and Mrs Joanne Madden (Nov 2018).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Jason Madden | United Kingdom | 57 years | Jun 1992 | - | Director |
Mrs Joanne Madden | England | 53 years | Nov 2018 | - | Director |
P&L
March 2023turnover
3.2m
+17%
operating profit
-91k
0%
gross margin
27.4%
-3.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.2m
-0.04%
total assets
2.8m
-0.09%
cash
100.1k
-0.77%
net assets
Total assets minus all liabilities
renown gears limited company details
company number
00902451
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
March 1967
age
58
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
renown gears (accrington) limited (December 1981)
accountant
-
auditor
-
address
renown house, greenbank business park, blackburn, lancashire, BB1 3AB
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
renown gears 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 17 charges/mortgages relating to renown gears limited. Currently there are 0 open charges and 17 have been satisfied in the past.
renown gears 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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renown gears limited Companies House Filings - See Documents
date | description | view/download |
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