Renown Gears Limited

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renown gears limited Company Information

Live

MatureSmallDeclining

Company Number

00902451

Website

www.renowngears.co.uk

Registered Address

renown house, greenbank business park, blackburn, lancashire, BB1 3AB

Industry

Machining

Telephone

01254679222

Next Accounts Due

December 2024

Group Structure

View All

Directors

Barry Simmons31 Years

Jason Madden31 Years

View All

Shareholders

renown holdings limited 100%

renown gears limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of RENOWN GEARS LIMITED at £3.9m based on Net Assets of £2.2m and 1.84x industry multiple (adjusted for liquidity).

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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 £3.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Renown Gears Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (1.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RENOWN GEARS LIMITED group structure

Renown Gears Limited has 1 subsidiary company.

Ultimate parent company

RENOWN GEARS LIMITED

00902451

1 subsidiary

HEWITT & TOPHAM LIMITED

01098508

RENOWN GEARS LIMITED Shareholders

renown holdings limited

100%

Renown Gears Limited currently has 3 directors. The longest serving directors include Mr Barry Simmons (Jun 1992) and Mr Jason Madden (Jun 1992).

officer	country	age	start	end	role
Mr Barry Simmons	United Kingdom	64 years	Jun 1992	-	Director
Mr Jason Madden		56 years	Jun 1992	-	Director
Mrs Joanne Madden	England	52 years	Nov 2018	-	Director

EXPORT

Renown Gears Limited's latest turnover from March 2023 is estimated at £3.1 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	3,074,329	2,597,451	3,030,196	3,693,690	3,456,323	3,097,139	2,855,111	3,076,282	3,073,286	3,104,792	3,893,457	2,986,100	3,099,386	3,244,023
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,214,034	1,853,544	2,208,494	2,625,357	2,472,678	2,159,313	1,987,398	2,155,410	2,127,931	2,126,108	2,667,753	2,055,818	2,127,964	2,180,616
Gross Profit	860,296	743,908	821,701	1,068,333	983,645	937,826	867,713	920,872	945,355	978,684	1,225,705	930,282	971,421	1,063,406
Admin Expenses	951,340	46,192	921,750	1,139,598	1,451,565	775,537	1,147,467	580,627	51,033	899,259	1,240,698	793,288	901,379	-1,148,024
Operating Profit	-91,044	697,716	-100,049	-71,265	-467,920	162,289	-279,754	340,245	894,322	79,425	-14,993	136,994	70,042	2,211,430
Interest Payable	11,104	28,154	45,125	43,482	40,015	40,143	53,437	65,131	31,923	0	0	0	0	0
Interest Receivable	11,462	1,650	1	35	360	202	126	119	4	43	43	9	13	6
Pre-Tax Profit	-90,687	671,212	-145,173	-114,712	-507,576	122,348	-333,065	275,234	862,403	79,468	-14,950	137,003	70,056	2,211,436
Tax	0	-127,530	0	0	0	-23,246	0	-55,047	-181,105	-18,278	0	-35,621	-19,616	-619,202
Profit After Tax	-90,687	543,682	-145,173	-114,712	-507,576	99,102	-333,065	220,187	681,298	61,190	-14,950	101,382	50,440	1,592,234
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-90,687	543,682	-145,173	-114,712	-507,576	99,102	-333,065	220,187	681,298	61,190	-14,950	101,382	50,440	1,592,234
Employee Costs	1,203,466	1,167,177	1,449,411	1,612,734	1,352,842	1,409,370	1,389,888	1,366,379	1,340,461	1,061,912	1,230,760	938,296	1,014,367	959,120
Number Of Employees	29	29	37	42	37	39	39	39	39	31	36	28	31	29
EBITDA*	10,347	801,936	14,370	62,187	-347,825	281,511	-152,950	474,718	1,041,951	214,999	122,467	270,016	205,780	2,353,510

* 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	-91,044	697,716	-100,049	-71,265	-467,920	162,289	-279,754	340,245	894,322	79,425	-14,993	136,994	70,042	2,211,430
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	0	-127,530	0	0	0	-23,246	0	-55,047	-181,105	-18,278	0	-35,621	-19,616	-619,202
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	-183,747	977,163	169,030	-128,968	-461,365	201,286	-137,425	268,165	630,450	-48,353	219,131	-174,592	163,072	1,861,798
Investing Activities
capital expenditure	-89,169	38,726	397	-5,047	-94,641	-153,044	-58,610	-635	-50,484	-216,676	-144,726	-63,529	-179,002	-1,976,693
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	-89,169	38,726	397	-5,047	513,829	-153,044	541,390	-22,915	-1,236,674	-216,676	-144,726	-63,529	-179,002	-1,976,693
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	0	0	0	0	0	0	0	-28,595	28,595	0	0	0	0	7,000
interest	358	-26,504	-45,124	-43,447	-39,655	-39,941	-53,311	-65,012	-31,919	43	43	9	13	6
cash flow from financing	-66,307	-88,172	-95,727	-169,035	22,033	-39,797	-183,593	-650,151	448,043	249,331	-58,712	235,882	16,475	117,289
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

P&L

March 2023

turnover

3.1m

+18%

operating profit

-91k

gross margin

28%

-2.29%

turnover

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

Balance Sheet

March 2023

net assets

2.2m

-0.04%

total assets

2.8m

-0.09%

cash

100.1k

-0.77%

net assets

Total assets minus all liabilities

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company number

00902451

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

March 1967

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

renown gears (accrington) limited (December 1981)

incorporated

address

renown house, greenbank business park, blackburn, lancashire, BB1 3AB

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 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 Company Information

renown gears limited Estimated Valuation

renown gears limited Estimated Valuation

renown gears limited Estimated Valuation

Renown Gears Limited AI Business Plan

Renown Gears Limited Overview

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renown gears limited Ownership

renown gears limited directors

RENOWN GEARS LIMITED financials

renown gears limited company details

renown gears limited Charges & Mortgages

renown gears limited Companies House Filings - See Documents