Retrac Group Limited

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retrac group limited Company Information

Live

MatureMidRapid

Company Number

01080012

Website

www.retrac-engineering.com

Registered Address

units 3-5 techno trading estate, swindon, wiltshire, SN2 8HB

Industry

Machining

Telephone

01793524616

Next Accounts Due

42 days late

Group Structure

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Directors

Daniel Walmsley3 Years

Richard Williams0 Years

Shareholders

trustees of the retrac & employee ownership trust 100%

retrac group limited Estimated Valuation

£10.5m

Pomanda estimates the enterprise value of RETRAC GROUP LIMITED at £10.5m based on Net Assets of £6.1m and 1.72x industry multiple (adjusted for liquidity).

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Retrac Group Limited is a live company located in wiltshire, SN2 8HB with a Companies House number of 01080012. It operates in the machining sector, SIC Code 25620. Founded in November 1972, it's largest shareholder is trustees of the retrac & employee ownership trust with a 100% stake. Retrac Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Retrac Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £14.8m, make it larger than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (-3.2%)

EXPORT

Retrac Group Limited's latest turnover from November 2022 is £14.8 million and the company has net assets of £6.1 million. According to their latest financial statements, Retrac Group Limited has 138 employees and maintains cash reserves of £610.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	14,785,653	10,783,504	10,387,344	6,645,115	5,940,876	5,909,390	5,240,390	5,508,558	4,731,851	4,996,010	5,481,617	5,522,154	3,481,652	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,654,655	7,414,551	6,823,038	4,138,032	3,834,467	3,874,579	3,336,692	3,653,168	3,266,723	3,224,344	3,411,407	3,796,938	2,362,919	0
Gross Profit	4,130,998	3,368,953	3,564,306	2,507,083	2,106,409	2,034,811	1,903,698	1,855,390	1,465,128	1,771,666	2,070,210	1,725,216	1,118,733	0
Admin Expenses	3,621,598	3,271,377	2,467,056	1,362,979	1,269,209	1,190,700	1,093,973	1,107,238	1,172,123	1,071,469	1,029,966	284,874	1,127,924	-1,638,528
Operating Profit	509,400	97,576	1,097,250	1,144,104	837,200	844,111	809,725	748,152	293,005	700,197	1,040,244	1,440,342	-9,191	1,638,528
Interest Payable	8,773	28,412	35,691	3,132	8,217	15,050	20,865	29,407	29,399	28,279	26,160	596	2,446	1,851
Interest Receivable	1,263	456	3,325	6,072	3,530	1,814	3,339	889	941	1,190	2,230	1,391	8	4
Pre-Tax Profit	-743,004	-1,927,180	1,064,884	1,147,044	832,513	830,875	792,199	719,634	264,547	673,108	1,016,314	1,441,138	-11,629	1,636,682
Tax	189,245	378,727	71,792	-74,720	-112,285	-134,134	-142,676	-162,150	-68,610	-150,866	-308,948	-374,696	0	-458,271
Profit After Tax	-553,759	-1,548,453	1,136,676	1,072,324	720,228	696,741	649,523	557,484	195,937	522,242	707,366	1,066,442	-11,629	1,178,411
Dividends Paid	0	0	353,468	409,559	242,879	237,573	389,450	116,658	140,369	201,570	692,562	0	0	0
Retained Profit	-553,759	-1,548,453	783,208	662,765	477,349	459,168	260,073	440,826	55,568	320,672	14,804	1,066,442	-11,629	1,178,411
Employee Costs	7,271,959	5,916,837	5,853,806	3,118,016	2,965,750	2,898,275	2,791,345	2,565,547	2,555,138	2,682,534	2,677,949	1,605,669	1,078,426	0
Number Of Employees	138	120	119	62	58	57	57	57	58	62	63	48	33	0
EBITDA*	1,062,546	707,538	1,782,395	1,502,020	1,149,854	1,151,401	1,056,456	1,010,289	520,243	858,368	1,190,415	1,549,769	109,255	1,782,198

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	4,410,175	4,786,978	5,307,785	3,918,269	2,922,114	2,792,806	2,581,561	2,332,402	2,523,565	1,741,792	1,710,523	1,452,325	1,232,351	1,332,822
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	436,118	436,118	436,118	265,415	255,415	235,415	225,415	225,415	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	4,410,175	4,786,978	5,307,785	4,354,387	3,358,232	3,228,924	2,846,976	2,587,817	2,758,980	1,967,207	1,935,938	1,452,325	1,232,351	1,332,822
Stock & work in progress	1,462,622	1,170,794	1,340,611	401,764	354,062	497,776	489,409	341,316	462,901	441,413	288,930	369,751	310,075	203,622
Trade Debtors	2,464,788	1,747,098	2,121,772	843,267	983,850	959,333	1,009,592	1,069,817	700,495	828,644	930,703	1,473,015	788,231	699,065
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	395,839	466,721	314,169	185,760	74,248	56,816	167,099	235,706	240,784	360,315	174,011	17,042	0	8,270
Cash	610,056	935,164	3,522,788	1,576,919	1,066,739	621,531	401,006	470,039	266,061	663,956	935,567	555,075	1,514	1,788
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,933,305	4,319,777	7,299,340	3,007,710	2,478,899	2,135,456	2,067,106	2,116,878	1,670,241	2,294,328	2,329,211	2,414,883	1,099,820	912,745
total assets	9,343,480	9,106,755	12,607,125	7,362,097	5,837,131	5,364,380	4,914,082	4,704,695	4,429,221	4,261,535	4,265,149	3,867,208	2,332,171	2,245,567
Bank overdraft	0	0	114,213	0	0	0	0	0	1,411	84,312	58,702	0	0	0
Bank loan	0	0	0	0	0	0	45,055	67,591	86,546	0	0	0	0	0
Trade Creditors	1,461,718	839,262	430,480	428,352	291,739	224,293	348,705	290,268	291,624	280,714	308,931	1,221,372	756,501	525,526
Group/Directors Accounts	0	0	305,950	200,065	107,625	97,681	87,525	368	32,141	245,824	366,631	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	42,732	376,400	378,412	212,571	157,679	181,935	86,139	169,973	186,225	83,953	106,319	0	0	0
other current liabilities	1,288,056	825,941	1,242,135	598,215	510,911	425,058	473,980	447,284	326,445	377,034	562,588	0	0	0
total current liabilities	2,792,506	2,041,603	2,471,190	1,439,203	1,067,954	928,967	1,041,404	975,484	924,392	1,071,837	1,403,171	1,221,372	756,501	525,526
loans	0	0	1,056,403	0	0	0	131,587	182,391	249,967	336,515	320,804	0	18,326	56,941
hp & lease commitments	0	42,732	419,132	373,514	33,769	191,448	143,469	229,602	399,575	119,744	147,054	0	0	0
Accruals and Deferred Income	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	252,909	244,416	341,709
provisions	431,129	356,491	396,018	393,452	242,245	228,151	179,645	167,314	160,209	103,929	85,282	98,893	85,336	82,170
total long term liabilities	431,129	399,223	1,871,553	766,966	276,014	419,599	454,701	579,307	809,751	560,188	553,140	351,802	348,078	480,820
total liabilities	3,223,635	2,440,826	4,342,743	2,206,169	1,343,968	1,348,566	1,496,105	1,554,791	1,734,143	1,632,025	1,956,311	1,573,174	1,104,579	1,006,346
net assets	6,119,845	6,665,929	8,264,382	5,155,928	4,493,163	4,015,814	3,417,977	3,149,904	2,695,078	2,629,510	2,308,838	2,294,034	1,227,592	1,239,221
total shareholders funds	6,119,845	6,665,929	8,264,382	5,155,928	4,493,163	4,015,814	3,417,977	3,149,904	2,695,078	2,629,510	2,308,838	2,294,034	1,227,592	1,239,221

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	509,400	97,576	1,097,250	1,144,104	837,200	844,111	809,725	748,152	293,005	700,197	1,040,244	1,440,342	-9,191	1,638,528
Depreciation	553,146	609,962	685,145	357,916	312,654	307,290	246,731	262,137	227,238	158,171	150,171	109,427	118,446	143,670
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	189,245	378,727	71,792	-74,720	-112,285	-134,134	-142,676	-162,150	-68,610	-150,866	-308,948	-374,696	0	-458,271
Stock	291,828	-169,817	938,847	47,702	-143,714	8,367	148,093	-121,585	21,488	152,483	-80,821	59,676	106,453	203,622
Debtors	646,808	-222,122	1,406,914	-29,071	41,949	-160,542	-128,832	364,244	-247,680	84,245	-385,343	701,826	80,896	707,335
Creditors	622,456	408,782	2,128	136,613	67,446	-124,412	58,437	-1,356	10,910	-28,217	-912,441	464,871	230,975	525,526
Accruals and Deferred Income	462,115	-416,194	643,920	87,304	85,853	-48,922	26,696	120,839	-50,589	-185,554	562,588	0	0	0
Deferred Taxes & Provisions	74,638	-39,527	2,566	151,207	14,094	48,506	12,331	7,105	56,280	18,647	-13,611	13,557	3,166	82,170
Cash flow from operations	1,472,364	1,431,265	157,040	1,783,793	1,306,727	1,044,614	991,983	732,068	694,426	275,650	984,167	891,999	156,047	1,020,666
Investing Activities
capital expenditure	0	0	0	0	-448,416	-514,811	-500,898	-72,711	-314,922	-283,968	-599,847	-329,401	-17,975	-1,476,492
Change in Investments	0	0	-436,118	0	0	170,703	10,000	20,000	10,000	0	225,415	0	0	0
cash flow from investments	0	0	436,118	0	-448,416	-685,514	-510,898	-92,711	-324,922	-283,968	-825,262	-329,401	-17,975	-1,476,492
Financing Activities
Bank loans	0	0	0	0	0	-45,055	-22,536	-18,955	86,546	0	0	0	0	0
Group/Directors Accounts	0	-305,950	105,885	92,440	9,944	10,156	87,157	-31,773	-213,683	-120,807	366,631	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-1,056,403	1,056,403	0	0	-131,587	-50,804	-67,576	-86,548	15,711	320,804	-18,326	-38,615	56,941
Hire Purchase and Lease Commitments	-376,400	-378,412	211,459	394,637	-181,935	143,775	-169,967	-186,225	382,103	-49,676	253,373	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-252,909	8,493	-97,293	341,709
share issue	7,675	-50,000	2,325,246	0	0	138,669	8,000	14,000	10,000	0	0	0	0	60,810
interest	-7,510	-27,956	-32,366	2,940	-4,687	-13,236	-17,526	-28,518	-28,458	-27,089	-23,930	795	-2,438	-1,847
cash flow from financing	-376,235	-1,818,721	3,666,627	490,017	-176,678	102,722	-165,676	-319,047	149,960	-181,861	663,969	-9,038	-138,346	457,613
cash and cash equivalents
cash	-325,108	-2,587,624	1,945,869	510,180	445,208	220,525	-69,033	203,978	-397,895	-271,611	380,492	553,561	-274	1,788
overdraft	0	-114,213	114,213	0	0	0	0	-1,411	-82,901	25,610	58,702	0	0	0
change in cash	-325,108	-2,473,411	1,831,656	510,180	445,208	220,525	-69,033	205,389	-314,994	-297,221	321,790	553,561	-274	1,788

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RETRAC GROUP LIMITED group structure

Retrac Group Limited has no subsidiary companies.

Ultimate parent company

RETRAC GROUP LIMITED

01080012

RETRAC GROUP LIMITED Shareholders

trustees of the retrac & employee ownership trust

100%

Retrac Group Limited currently has 2 directors. The longest serving directors include Mr Daniel Walmsley (May 2021) and Mr Richard Williams (Aug 2024).

officer	country	age	start	end	role
Mr Daniel Walmsley	England	46 years	May 2021	-	Director
Mr Richard Williams		65 years	Aug 2024	-	Director

P&L

November 2022

turnover

14.8m

+37%

operating profit

509.4k

+422%

gross margin

28%

-10.57%

turnover

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

Balance Sheet

November 2022

net assets

6.1m

-0.08%

total assets

9.3m

+0.03%

cash

610.1k

-0.35%

net assets

Total assets minus all liabilities

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company number

01080012

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

November 1972

accounts

Group

ultimate parent company

None

previous names

retrac productions limited (April 2023)

last accounts submitted

November 2022

address

units 3-5 techno trading estate, swindon, wiltshire, SN2 8HB

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 11 charges/mortgages relating to retrac group limited. Currently there are 2 open charges and 9 have been satisfied in the past.

retrac group limited Company Information

retrac group limited Estimated Valuation

retrac group limited Estimated Valuation

retrac group limited Estimated Valuation

Retrac Group Limited Overview

Retrac Group Limited Health Check

RETRAC GROUP LIMITED financials

retrac group limited Credit Report and Business Information

Retrac Group Limited Competitor Analysis

retrac group limited Ownership

retrac group limited directors

retrac group limited company details

retrac group limited Charges & Mortgages

retrac group limited Companies House Filings - See Documents