Tube Fins Limited

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tube fins limited Company Information

Company Number

01021223

Next Accounts

Sep 2025

Directors

Scott Smith

Jairo Wicker

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Shareholders

international auto oem supplier ukco ltd

Group Structure

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Industry

Manufacture of non-domestic cooling and ventilation equipment

Registered Address

freeman road north hykeham, lincoln, LN6 9AP

Website

www.tubefins.co.uk

tube fins limited Estimated Valuation

£850.5k

Pomanda estimates the enterprise value of TUBE FINS LIMITED at £850.5k based on Net Assets of £300k and 2.84x industry multiple (adjusted for liquidity).

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Tube Fins Limited is a live company located in lincoln, LN6 9AP with a Companies House number of 01021223. It operates in the manufacture of non-domestic cooling and ventilation equipment sector, SIC Code 28250. Founded in August 1971, it's largest shareholder is international auto oem supplier ukco ltd with a 100% stake. Tube Fins Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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There is insufficient data available to calculate a health check for Tube Fins Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (5.9%)

EXPORT

Tube Fins Limited's latest turnover from December 2023 is 0 and the company has net assets of £300 thousand. According to their latest financial statements, we estimate that Tube Fins Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	0	296,147	637,548	620,019	732,695	721,887	621,051	698,984	779,845	947,791	1,054,462	1,376,399	1,685,208	1,518,331	1,262,408
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	362,658	643,851	660,515	678,923	701,961	641,878	677,567	724,160	799,030	895,665	1,052,065	1,348,834	1,253,769	987,057
Gross Profit	0	-66,511	-6,303	-40,496	53,772	19,926	-20,827	21,417	55,685	148,761	158,797	324,334	336,374	264,562	275,351
Admin Expenses	288,575	133,480	12,335	20,504	21,954	9,861	34,152	40,377	65,535	82,182	77,286	86,250	86,962	105,015	90,021
Operating Profit	-288,575	-199,991	-18,638	-61,000	31,818	10,065	-54,979	-18,960	-9,850	66,579	81,511	238,084	249,412	159,547	185,330
Interest Payable	0	340	603	565	1,552	1,387	1,520	2,018	2,013	2,604	3,396	9,497	8,143	1,299	7,044
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-288,575	-200,331	-19,241	-61,565	30,266	8,678	-56,499	-20,978	-11,863	63,975	78,115	228,587	241,269	158,248	178,286
Tax	0	1,164	0	1,314	-12,137	-1,475	9,572	4,321	2,584	-13,357	-18,246	-57,237	-64,026	-44,146	-49,477
Profit After Tax	-288,575	-199,167	-19,241	-60,251	18,129	7,203	-46,927	-16,657	-9,279	50,618	59,869	171,350	177,243	114,102	128,809
Dividends Paid	0	0	0	0	0	0	0	0	0	0	78,416	400,000	0	0	0
Retained Profit	-288,575	-199,167	-19,241	-60,251	18,129	7,203	-46,927	-16,657	-9,279	50,618	-18,547	-228,650	177,243	114,102	128,809
Employee Costs	0	82,140	147,374	161,498	180,715	182,283	182,612	214,315	225,497	243,842	252,409	286,583	302,470	290,876	295,151
Number Of Employees	1	5	6	7	7	7	8	10	10	10	11	12	12	13	15
EBITDA*	-288,575	-196,936	-10,010	-51,493	41,334	16,206	-48,726	-12,556	-3,082	72,475	87,026	244,099	255,178	166,980	198,437

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	0	0	38,112	46,740	55,201	25,501	27,931	32,196	34,897	36,213	31,377	34,882	35,745	26,484	28,804
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	38,112	46,740	55,201	25,501	27,931	32,196	34,897	36,213	31,377	34,882	35,745	26,484	28,804
Stock & work in progress	0	0	82,103	39,665	44,594	53,083	79,960	81,846	90,736	70,565	91,663	124,512	187,953	114,223	87,453
Trade Debtors	0	0	60,049	31,937	62,236	55,744	58,012	35,982	103,710	78,607	92,215	83,521	106,288	121,872	134,725
Group Debtors	300,000	574,897	674,682	685,518	740,977	653,412	653,152	612,267	0	0	0	78,416	98,304	162,547	205,366
Misc Debtors	0	0	28,030	6,773	9,395	19,022	13,741	21,613	8,201	4,179	6,214	5,648	19,683	20,373	26,880
Cash	0	19,148	32,605	94,026	43,642	137,641	165,747	232,545	875,753	900,759	863,921	818,143	1,020,701	789,330	695,660
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	300,000	594,045	877,469	857,919	900,844	918,902	970,612	984,253	1,078,400	1,054,110	1,054,013	1,110,240	1,432,929	1,208,345	1,150,084
total assets	300,000	594,045	915,581	904,659	956,045	944,403	998,543	1,016,449	1,113,297	1,090,323	1,085,390	1,145,122	1,468,674	1,234,829	1,178,888
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	80,088
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	101,456	45,944	16,943	24,217	88,518	83,046	133,368	81,182	101,629	137,480	194,061	106,694	209,208
Group/Directors Accounts	0	0	792	8,403	0	0	0	0	0	0	0	0	11,536	11,158	0
other short term finances	0	0	0	0	17,279	44,700	15,082	11,339	26,939	50,850	67,855	44,304	49,413	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	2,031	2,261	2,081	0	0
other current liabilities	0	5,470	25,591	44,758	56,018	27,810	54,470	34,664	47,832	41,443	51,154	77,779	97,373	184,302	71,019
total current liabilities	0	5,470	127,839	99,105	90,240	96,727	158,070	129,049	208,139	173,475	222,669	261,824	354,464	302,154	360,315
loans	0	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	0	0	0	2,030	4,292	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	1,098	3,509	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	1,098	3,509	0	2,030	4,292	0	0
total liabilities	0	5,470	127,839	99,105	90,240	96,727	158,070	129,049	209,237	176,984	222,669	263,854	358,756	302,154	360,315
net assets	300,000	588,575	787,742	805,554	865,805	847,676	840,473	887,400	904,060	913,339	862,721	881,268	1,109,918	932,675	818,573
total shareholders funds	300,000	588,575	787,742	805,554	865,805	847,676	840,473	887,400	904,060	913,339	862,721	881,268	1,109,918	932,675	818,573

	Dec 2023	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	-288,575	-199,991	-18,638	-61,000	31,818	10,065	-54,979	-18,960	-9,850	66,579	81,511	238,084	249,412	159,547	185,330
Depreciation	0	3,055	8,628	9,507	9,516	6,141	6,253	6,404	6,768	5,896	5,515	6,015	5,766	7,433	13,107
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	1,164	0	1,314	-12,137	-1,475	9,572	4,321	2,584	-13,357	-18,246	-57,237	-64,026	-44,146	-49,477
Stock	0	-82,103	42,438	-4,929	-8,489	-26,877	-1,886	-8,890	20,171	-21,098	-32,849	-63,441	73,730	26,770	87,453
Debtors	-274,897	-187,864	38,533	-88,380	84,430	3,273	55,043	557,951	29,125	-15,643	-69,156	-56,690	-80,517	-62,179	366,971
Creditors	0	-101,456	55,512	29,001	-7,274	-64,301	5,472	-50,322	52,186	-20,447	-35,851	-56,581	87,367	-102,514	209,208
Accruals and Deferred Income	-5,470	-20,121	-19,167	-11,260	28,208	-26,660	19,806	-13,168	6,389	-9,711	-26,625	-19,594	-86,929	113,283	71,019
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-1,098	-2,411	3,509	0	0	0	0	0
Cash flow from operations	-19,148	-47,382	-54,636	60,871	-25,810	-52,626	-67,033	-621,884	6,370	69,210	108,309	230,818	198,377	169,012	-25,237
Investing Activities
capital expenditure	0	35,057	0	-1,046	-39,216	-3,711	-1,988	-3,703	-5,452	-10,732	-2,010	-5,152	-15,027	-5,113	-41,911
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	35,057	0	-1,046	-39,216	-3,711	-1,988	-3,703	-5,452	-10,732	-2,010	-5,152	-15,027	-5,113	-41,911
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-792	-7,611	8,403	0	0	0	0	0	0	0	-11,536	378	11,158	0
Other Short Term Loans	0	0	0	-17,279	-27,421	29,618	3,743	-15,600	-23,911	-17,005	23,551	-5,109	49,413	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-2,031	-2,260	-2,082	6,373	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	1,429	0	0	0	0	-3	0	0	0	0	0	0	689,764
interest	0	-340	-603	-565	-1,552	-1,387	-1,520	-2,018	-2,013	-2,604	-3,396	-9,497	-8,143	-1,299	-7,044
cash flow from financing	0	-1,132	-6,785	-9,441	-28,973	28,231	2,223	-17,621	-25,924	-21,640	17,895	-28,224	48,021	9,859	682,720
cash and cash equivalents
cash	-19,148	-13,457	-61,421	50,384	-93,999	-28,106	-66,798	-643,208	-25,006	36,838	45,778	-202,558	231,371	93,670	695,660
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	-80,088	80,088
change in cash	-19,148	-13,457	-61,421	50,384	-93,999	-28,106	-66,798	-643,208	-25,006	36,838	45,778	-202,558	231,371	173,758	615,572

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TUBE FINS LIMITED group structure

Tube Fins Limited has no subsidiary companies.

Ultimate parent company

INTERNATIONAL AUTO OEM SUPPLIER DUTCHCO

#0002388

INTERNATIONAL AUTO OEM SUPPLIER UKCO LTD.

10824134

2 parents

TUBE FINS LIMITED

01021223

TUBE FINS LIMITED Shareholders

international auto oem supplier ukco ltd

100%

Tube Fins Limited currently has 4 directors. The longest serving directors include Mr Scott Smith (Jul 2020) and Mr Jairo Wicker (Nov 2020).

officer	country	age	start	end	role
Mr Scott Smith	United States	57 years	Jul 2020	-	Director
Mr Jairo Wicker	Italy	59 years	Nov 2020	-	Director
Mr Jairo Wicker	Italy	59 years	Nov 2020	-	Director
Mr James Habel		50 years	Oct 2022	-	Director

P&L

December 2023

turnover

-100%

operating profit

-288.6k

+44%

gross margin

turnover

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

Balance Sheet

December 2023

net assets

300k

-0.49%

total assets

300k

-0.49%

cash

-1%

net assets

Total assets minus all liabilities

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company number

01021223

Type

Private limited with Share Capital

industry

28250 - Manufacture of non-domestic cooling and ventilation equipment

incorporation date

August 1971

ultimate parent company

INTERNATIONAL AUTO OEM SUPPLIER DUTCHCO

previous names

N/A

address

freeman road north hykeham, lincoln, LN6 9AP

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 12 charges/mortgages relating to tube fins limited. Currently there are 0 open charges and 12 have been satisfied in the past.

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tube fins limited Company Information

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tube fins limited Estimated Valuation

tube fins limited Estimated Valuation

Tube Fins Limited Overview

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TUBE FINS LIMITED financials

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tube fins limited Ownership

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tube fins limited Companies House Filings - See Documents