renown gears limited

renown gears limited Company Information

Share RENOWN GEARS LIMITED
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Company Number

00902451

Industry

Machining

 

Shareholders

renown holdings limited

Group Structure

View All

Contact

Registered Address

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

renown gears limited Estimated Valuation

£1.3m

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

£35.2k

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

£3.9m

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

Health Check Image
Health Rating2.5out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

7 Weak

size

Size

annual sales of £3.2m, make it smaller than the average company (£9.4m)

£3.2m - Renown Gears Limited

£9.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (2.3%)

-6% - Renown Gears Limited

2.3% - Industry AVG

production

Production

with a gross margin of 27.3%, this company has a comparable cost of product (27.3%)

27.3% - Renown Gears Limited

27.3% - Industry AVG

profitability

Profitability

an operating margin of -2.9% make it less profitable than the average company (6.1%)

-2.9% - Renown Gears Limited

6.1% - Industry AVG

employees

Employees

with 29 employees, this is below the industry average (72)

29 - Renown Gears Limited

72 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)

£43.3k - Renown Gears Limited

£43.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.2k, this is less efficient (£131.3k)

£109.2k - Renown Gears Limited

£131.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 88 days, this is later than average (66 days)

88 days - Renown Gears Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is quicker than average (50 days)

44 days - Renown Gears Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 79 days, this is in line with average (67 days)

79 days - Renown Gears Limited

67 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,165,7852,710,3023,121,2883,778,0773,534,2503,127,3752,880,7863,059,2753,055,3763,164,8754,000,1443,037,3033,138,3233,274,516
Other Income Or Grants00000000000000
Cost Of Sales2,300,9781,942,0842,293,6322,717,3062,538,9062,194,9322,029,0992,133,8722,109,3372,167,2512,730,1912,102,7572,154,6982,205,179
Gross Profit864,806768,218827,6561,060,772995,344932,443851,687925,402946,039997,6241,269,953934,545983,6251,069,337
Admin Expenses955,85070,502927,7051,132,0371,463,264770,1541,131,441585,15751,717918,1991,284,946797,551913,583-1,142,093
Operating Profit-91,044697,716-100,049-71,265-467,920162,289-279,754340,245894,32279,425-14,993136,99470,0422,211,430
Interest Payable11,10428,15445,12543,48240,01540,14353,43765,13131,92300000
Interest Receivable11,4621,650135360202126119443439136
Pre-Tax Profit-90,687671,212-145,173-114,712-507,576122,348-333,065275,234862,40379,468-14,950137,00370,0562,211,436
Tax0-127,530000-23,2460-55,047-181,105-18,2780-35,621-19,616-619,202
Profit After Tax-90,687543,682-145,173-114,712-507,57699,102-333,065220,187681,29861,190-14,950101,38250,4401,592,234
Dividends Paid00000000000000
Retained Profit-90,687543,682-145,173-114,712-507,57699,102-333,065220,187681,29861,190-14,950101,38250,4401,592,234
Employee Costs1,254,9471,232,5001,495,3631,685,3901,411,8421,446,4811,424,7411,357,9071,333,3481,095,8961,260,901940,511981,491944,643
Number Of Employees2929374237393939393237283029
EBITDA*10,347801,93614,37062,187-347,825281,511-152,950474,7181,041,951214,999122,467270,016205,7802,353,510

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,207,5541,219,7761,362,7221,477,5381,605,9431,631,3971,597,5751,665,7691,799,6071,896,7521,815,6501,808,3841,877,8771,834,613
Intangible Assets00000000000000
Investments & Other00000608,470608,4701,208,4701,186,19000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,207,5541,219,7761,362,7221,477,5381,605,9432,239,8672,206,0452,874,2392,985,7971,896,7521,815,6501,808,3841,877,8771,834,613
Stock & work in progress498,039596,327606,430631,377640,194506,938459,479587,198452,442580,797610,277535,038443,085399,350
Trade Debtors767,103506,295659,536872,405844,254725,204624,686626,920686,816635,804703,369630,142572,742512,428
Group Debtors00000033,84029,30731,86900000
Misc Debtors228,683313,749217,661238,826257,649202,660216,966249,960195,6650022,54640,80829,707
Cash100,071439,29578666268,72727,20053,77046,94081869616,3947012,9402,394
misc current assets00000000000000
total current assets1,593,8961,855,6661,484,4131,743,2701,810,8241,462,0021,388,7411,540,3251,367,6101,217,2971,330,0401,188,4271,059,575943,879
total assets2,801,4503,075,4422,847,1353,220,8083,416,7673,701,8693,594,7864,414,5644,353,4073,114,0493,145,6902,996,8112,937,4522,778,492
Bank overdraft00489,208562,784327,799360,768395,783609,325158,30300000
Bank loan25,00066,665000000000000
Trade Creditors 283,045321,733163,218205,515309,706209,164196,876220,638229,878536,015904,742674,524942,337857,141
Group/Directors Accounts0000040,0000079100000
other short term finances00000000000000
hp & lease commitments0000000091,06100000
other current liabilities157,493247,697141,776188,308254,269172,564135,308237,043266,58900000
total current liabilities465,538636,095794,202956,607891,774782,496727,9671,067,006746,622536,015904,742674,524942,337857,141
loans50,00075,000203,333224,181310,865186,212292,408412,468823,93600000
hp & lease commitments0000000088,73000000
Accruals and Deferred Income00000000029,58730,57931,61332,69633,834
other liabilities00029,75568,65991,62425,28435,5060553,151303,863362,618126,745110,283
provisions135,560123,308152,243167,735188,227176,719183,411200,803186,930198,000170,400177,000186,000178,000
total long term liabilities185,560198,308355,576421,671567,751454,555501,103648,7771,099,596780,738504,842571,231345,441322,117
total liabilities651,098834,4031,149,7781,378,2781,459,5251,237,0511,229,0701,715,7831,846,2181,316,7531,409,5841,245,7551,287,7781,179,258
net assets2,150,3522,241,0391,697,3571,842,5301,957,2422,464,8182,365,7162,698,7812,507,1891,797,2961,736,1061,751,0561,649,6741,599,234
total shareholders funds2,150,3522,241,0391,697,3571,842,5301,957,2422,464,8182,365,7162,698,7812,507,1891,797,2961,736,1061,751,0561,649,6741,599,234
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-91,044697,716-100,049-71,265-467,920162,289-279,754340,245894,32279,425-14,993136,99470,0422,211,430
Depreciation101,391104,220114,419133,452120,095119,222126,804134,473147,629135,574137,460133,022135,738142,080
Amortisation00000000000000
Tax0-127,530000-23,2460-55,047-181,105-18,2780-35,621-19,616-619,202
Stock-98,288-10,103-24,947-8,817133,25647,459-127,719134,756-128,355-29,48075,23991,95343,735399,350
Debtors175,742-57,153-234,0349,328174,03952,372-30,695-8,163278,546-67,56550,68139,13871,415542,135
Creditors-38,688158,515-42,297-104,191100,54212,288-23,762-9,240-306,137-368,727230,218-267,81385,196857,141
Accruals and Deferred Income-90,204105,921-46,532-65,96181,70537,256-101,735-29,546237,002-992-1,034-1,083-1,13833,834
Deferred Taxes & Provisions12,252-28,935-15,492-20,49211,508-6,692-17,39213,873-11,07027,600-6,600-9,0008,000178,000
Cash flow from operations-183,747977,163169,030-128,968-461,365201,286-137,425268,165630,450-48,353219,131-174,592163,0721,861,798
Investing Activities
capital expenditure-89,16938,726397-5,047-94,641-153,044-58,610-635-50,484-216,676-144,726-63,529-179,002-1,976,693
Change in Investments0000-608,4700-600,00022,2801,186,19000000
cash flow from investments-89,16938,726397-5,047513,829-153,044541,390-22,915-1,236,674-216,676-144,726-63,529-179,002-1,976,693
Financing Activities
Bank loans-41,66566,665000000000000
Group/Directors Accounts0000-40,00040,0000-79179100000
Other Short Term Loans 00000000000000
Long term loans-25,000-128,333-20,848-86,684124,653-106,196-120,060-411,468823,93600000
Hire Purchase and Lease Commitments0000000-179,791179,79100000
other long term liabilities00-29,755-38,904-22,96566,340-10,22235,506-553,151249,288-58,755235,87316,462110,283
share issue0000000-28,59528,59500007,000
interest358-26,504-45,124-43,447-39,655-39,941-53,311-65,012-31,91943439136
cash flow from financing-66,307-88,172-95,727-169,03522,033-39,797-183,593-650,151448,043249,331-58,712235,88216,475117,289
cash and cash equivalents
cash-339,224438,509124-68,06541,527-26,5706,83046,122122-15,69815,693-2,2395462,394
overdraft0-489,208-73,576234,985-32,969-35,015-213,542451,022158,30300000
change in cash-339,224927,71773,700-303,05074,4968,445220,372-404,900-158,181-15,69815,693-2,2395462,394

renown gears limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Renown Gears Limited Competitor Analysis

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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.

Ultimate parent company

RENOWN GEARS LIMITED

00902451

1 subsidiary

RENOWN GEARS LIMITED Shareholders

renown holdings limited 100%

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).

officercountryagestartendrole
Mr Jason MaddenUnited Kingdom57 years Jun 1992- Director
Mrs Joanne MaddenEngland53 years Nov 2018- Director

P&L

March 2023

turnover

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 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

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

None

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

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