panel systems limited
panel systems limited Company Information
Company Number
01179701
Next Accounts
Sep 2025
Industry
Other manufacturing n.e.c.
Directors
Shareholders
panel systems (holdings) ltd
c.m. ibbotson
Group Structure
View All
Contact
Registered Address
units 3-9, welland close, parkwood industrial estate, rutland road, sheffield, S3 9QY
Website
www.panelsystems.co.ukpanel systems limited Estimated Valuation
Pomanda estimates the enterprise value of PANEL SYSTEMS LIMITED at £7.6m based on a Turnover of £11.7m and 0.65x industry multiple (adjusted for size and gross margin).
panel systems limited Estimated Valuation
Pomanda estimates the enterprise value of PANEL SYSTEMS LIMITED at £2.9m based on an EBITDA of £671.9k and a 4.39x industry multiple (adjusted for size and gross margin).
panel systems limited Estimated Valuation
Pomanda estimates the enterprise value of PANEL SYSTEMS LIMITED at £12.9m based on Net Assets of £5.7m and 2.24x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Panel Systems Limited Overview
Panel Systems Limited is a live company located in rutland road, S3 9QY with a Companies House number of 01179701. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 1974, it's largest shareholder is panel systems (holdings) ltd with a 99.9% stake. Panel Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.7m with healthy growth in recent years.
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Panel Systems Limited Health Check
Pomanda's financial health check has awarded Panel Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £11.7m, make it in line with the average company (£14.2m)
£11.7m - Panel Systems Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (6.3%)
5% - Panel Systems Limited
6.3% - Industry AVG
Production
with a gross margin of 14.4%, this company has a higher cost of product (30.2%)
14.4% - Panel Systems Limited
30.2% - Industry AVG
Profitability
an operating margin of 4.2% make it less profitable than the average company (6.4%)
4.2% - Panel Systems Limited
6.4% - Industry AVG
Employees
with 66 employees, this is similar to the industry average (70)
66 - Panel Systems Limited
70 - Industry AVG
Pay Structure
on an average salary of £33.9k, the company has a lower pay structure (£42.6k)
£33.9k - Panel Systems Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £177.7k, this is equally as efficient (£185.9k)
£177.7k - Panel Systems Limited
£185.9k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (53 days)
39 days - Panel Systems Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (40 days)
32 days - Panel Systems Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is less than average (68 days)
24 days - Panel Systems Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 160 weeks, this is more cash available to meet short term requirements (12 weeks)
160 weeks - Panel Systems Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20%, this is a lower level of debt than the average (47.6%)
20% - Panel Systems Limited
47.6% - Industry AVG
PANEL SYSTEMS LIMITED financials
Panel Systems Limited's latest turnover from December 2023 is £11.7 million and the company has net assets of £5.7 million. According to their latest financial statements, Panel Systems Limited has 66 employees and maintains cash reserves of £4.4 million 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 | 11,725,755 | 12,946,955 | 12,053,225 | 10,058,169 | 13,247,382 | 13,082,023 | 12,566,690 | 11,275,951 | 10,011,791 | 8,999,921 | 8,053,966 | 8,143,801 | 8,656,308 | 7,836,905 | 7,233,081 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 10,041,573 | 10,917,173 | 9,837,075 | 8,511,409 | 10,711,326 | 10,777,522 | 10,565,518 | 9,500,912 | 8,655,239 | 7,903,109 | 7,076,737 | 7,424,492 | 6,792,715 | 6,280,634 | |
| Gross Profit | 1,684,182 | 2,029,782 | 2,216,150 | 1,546,760 | 2,536,056 | 2,304,501 | 2,001,172 | 1,775,039 | 1,356,552 | 1,096,812 | 977,229 | 1,231,816 | 1,044,190 | 952,447 | |
| Admin Expenses | 1,189,130 | 1,181,777 | 1,173,411 | 994,863 | 1,251,899 | 1,213,522 | 1,094,427 | 1,036,873 | 965,747 | 887,362 | 747,314 | 772,164 | 694,482 | 669,197 | |
| Operating Profit | 495,052 | 848,005 | 1,042,739 | 551,897 | 1,284,157 | 1,090,979 | 906,745 | 738,166 | 390,805 | 209,450 | 229,915 | 361,327 | 459,652 | 349,708 | 283,250 |
| Interest Payable | 150 | 51 | 0 | 368 | 1,522 | 2,701 | 1,557 | 2,844 | 5,531 | 2,951 | 725 | 1,606 | 4,548 | 5,639 | 18,650 |
| Interest Receivable | 173,449 | 59,521 | 3,816 | 6,153 | 15,985 | 9,150 | 2,598 | 2,358 | 1,589 | 1,617 | 1,204 | 39 | 115 | 0 | 0 |
| Pre-Tax Profit | 668,351 | 907,475 | 1,046,555 | 557,682 | 1,298,620 | 1,097,428 | 907,786 | 737,680 | 386,863 | 208,116 | 230,394 | 359,760 | 455,219 | 344,069 | 272,660 |
| Tax | -161,452 | -166,697 | -197,074 | -111,230 | -247,000 | -206,124 | -176,981 | -146,518 | -80,456 | -43,692 | -6,689 | -76,062 | -108,950 | -66,421 | -61,298 |
| Profit After Tax | 506,899 | 740,778 | 849,481 | 446,452 | 1,051,620 | 891,304 | 730,805 | 591,162 | 306,407 | 164,424 | 223,705 | 283,698 | 346,269 | 277,648 | 211,362 |
| Dividends Paid | 240,000 | 240,000 | 265,000 | 140,000 | 300,000 | 222,800 | 245,600 | 235,700 | 153,827 | 122,308 | 117,308 | 122,308 | 96,156 | 193,975 | 0 |
| Retained Profit | 266,899 | 500,778 | 584,481 | 306,452 | 751,620 | 668,504 | 485,205 | 355,462 | 152,580 | 42,116 | 106,397 | 161,390 | 250,113 | 83,673 | 211,362 |
| Employee Costs | 2,236,157 | 2,195,919 | 2,025,225 | 1,953,326 | 2,283,149 | 2,150,079 | 2,076,775 | 1,955,144 | 1,844,464 | 1,606,182 | 1,310,669 | 1,288,502 | 1,322,923 | 1,127,274 | 1,134,267 |
| Number Of Employees | 66 | 65 | 61 | 68 | 72 | 70 | 68 | 65 | 61 | 53 | 49 | 50 | 50 | 45 | 43 |
| EBITDA* | 671,874 | 1,012,993 | 1,240,175 | 759,405 | 1,509,059 | 1,387,771 | 1,131,017 | 915,913 | 568,009 | 339,840 | 323,606 | 446,034 | 556,600 | 449,299 | 421,696 |
* 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 | 251,933 | 194,909 | 195,949 | 361,830 | 356,716 | 508,353 | 731,892 | 527,251 | 552,827 | 580,045 | 298,721 | 219,961 | 234,138 | 227,822 | 221,955 |
| 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 | 251,933 | 194,909 | 195,949 | 361,830 | 356,716 | 508,353 | 731,892 | 527,251 | 552,827 | 580,045 | 298,721 | 219,961 | 234,138 | 227,822 | 221,955 |
| Stock & work in progress | 667,599 | 630,352 | 659,929 | 469,767 | 567,266 | 468,061 | 504,890 | 406,694 | 402,494 | 306,265 | 342,161 | 327,893 | 350,896 | 360,904 | 321,586 |
| Trade Debtors | 1,273,478 | 1,390,728 | 1,496,297 | 1,377,728 | 2,277,699 | 2,371,206 | 1,847,613 | 1,901,144 | 1,481,524 | 1,638,445 | 1,240,072 | 1,209,737 | 1,453,176 | 1,466,584 | 1,502,671 |
| Group Debtors | 397,446 | 397,446 | 397,446 | 397,446 | 397,446 | 397,446 | 397,446 | 397,446 | 397,446 | 0 | 397,446 | 397,446 | 397,445 | 397,445 | 397,445 |
| Misc Debtors | 194,045 | 184,002 | 158,610 | 130,114 | 140,064 | 131,998 | 116,644 | 118,868 | 106,571 | 532,484 | 122,162 | 96,151 | 108,636 | 98,579 | 107,509 |
| Cash | 4,387,026 | 3,918,427 | 3,768,910 | 3,104,418 | 2,306,268 | 1,395,860 | 1,149,083 | 539,201 | 497,308 | 29,277 | 398,532 | 297,487 | 49,178 | 13,329 | 47,230 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,919,594 | 6,520,955 | 6,481,192 | 5,479,473 | 5,688,743 | 4,764,571 | 4,015,676 | 3,363,353 | 2,885,343 | 2,506,471 | 2,500,373 | 2,328,714 | 2,359,331 | 2,336,841 | 2,376,441 |
| total assets | 7,171,527 | 6,715,864 | 6,677,141 | 5,841,303 | 6,045,459 | 5,272,924 | 4,747,568 | 3,890,604 | 3,438,170 | 3,086,516 | 2,799,094 | 2,548,675 | 2,593,469 | 2,564,663 | 2,598,396 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,866 | 332,684 | 447,642 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,736 |
| Trade Creditors | 881,140 | 747,475 | 1,099,574 | 906,095 | 1,203,729 | 1,069,233 | 1,271,389 | 1,068,019 | 1,047,203 | 917,474 | 838,762 | 734,649 | 884,345 | 857,811 | 837,067 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 37,862 | 49,318 | 48,139 | 36,607 | 61,455 | 63,458 | 22,354 | 16,857 | 23,553 | 22,611 | 7,255 |
| other current liabilities | 541,255 | 496,856 | 607,512 | 525,374 | 715,637 | 738,972 | 585,438 | 516,465 | 355,288 | 217,077 | 243,647 | 270,531 | 268,600 | 203,175 | 239,989 |
| total current liabilities | 1,422,395 | 1,244,331 | 1,707,086 | 1,431,469 | 1,957,228 | 1,857,523 | 1,904,966 | 1,621,091 | 1,463,946 | 1,198,009 | 1,104,763 | 1,022,037 | 1,211,364 | 1,416,281 | 1,569,689 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 37,862 | 87,180 | 0 | 37,305 | 98,759 | 43,296 | 0 | 16,857 | 40,410 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,837 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 12,000 | 1,300 | 600 | 21,500 | 5,000 | 39,000 | 76,500 | 66,500 | 65,000 | 77,000 | 28,000 | 10,000 | 10,000 | 0 | 0 |
| total long term liabilities | 12,000 | 1,300 | 600 | 21,500 | 5,000 | 76,862 | 163,680 | 66,500 | 102,305 | 175,759 | 71,296 | 10,000 | 26,857 | 43,247 | 0 |
| total liabilities | 1,434,395 | 1,245,631 | 1,707,686 | 1,452,969 | 1,962,228 | 1,934,385 | 2,068,646 | 1,687,591 | 1,566,251 | 1,373,768 | 1,176,059 | 1,032,037 | 1,238,221 | 1,459,528 | 1,569,689 |
| net assets | 5,737,132 | 5,470,233 | 4,969,455 | 4,388,334 | 4,083,231 | 3,338,539 | 2,678,922 | 2,203,013 | 1,871,919 | 1,712,748 | 1,623,035 | 1,516,638 | 1,355,248 | 1,105,135 | 1,028,707 |
| total shareholders funds | 5,737,132 | 5,470,233 | 4,969,455 | 4,388,334 | 4,083,231 | 3,338,539 | 2,678,922 | 2,203,013 | 1,871,919 | 1,712,748 | 1,623,035 | 1,516,638 | 1,355,248 | 1,105,135 | 1,028,707 |
| 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 | 495,052 | 848,005 | 1,042,739 | 551,897 | 1,284,157 | 1,090,979 | 906,745 | 738,166 | 390,805 | 209,450 | 229,915 | 361,327 | 459,652 | 349,708 | 283,250 |
| Depreciation | 176,822 | 164,988 | 197,436 | 207,508 | 224,902 | 296,792 | 224,272 | 177,747 | 177,204 | 130,390 | 93,691 | 84,707 | 96,948 | 99,591 | 138,446 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -161,452 | -166,697 | -197,074 | -111,230 | -247,000 | -206,124 | -176,981 | -146,518 | -80,456 | -43,692 | -6,689 | -76,062 | -108,950 | -66,421 | -61,298 |
| Stock | 37,247 | -29,577 | 190,162 | -97,499 | 99,205 | -36,829 | 98,196 | 4,200 | 96,229 | -35,896 | 14,268 | -23,003 | -10,008 | 39,318 | 321,586 |
| Debtors | -107,207 | -80,177 | 147,065 | -909,921 | -85,441 | 538,947 | -55,755 | 431,917 | -185,388 | 411,249 | 56,346 | -255,923 | -3,351 | -45,017 | 2,007,625 |
| Creditors | 133,665 | -352,099 | 193,479 | -297,634 | 134,496 | -202,156 | 203,370 | 20,816 | 129,729 | 78,712 | 104,113 | -149,696 | 26,534 | 20,744 | 837,067 |
| Accruals and Deferred Income | 44,399 | -110,656 | 82,138 | -190,263 | -23,335 | 153,534 | 68,973 | 161,177 | 138,211 | -26,570 | -26,884 | 1,931 | 62,588 | -33,977 | 239,989 |
| Deferred Taxes & Provisions | 10,700 | 700 | -20,900 | 16,500 | -34,000 | -37,500 | 10,000 | 1,500 | -12,000 | 49,000 | 18,000 | 0 | 10,000 | 0 | 0 |
| Cash flow from operations | 769,146 | 493,995 | 960,591 | 1,184,198 | 1,325,456 | 593,407 | 1,193,938 | 516,771 | 832,652 | 21,937 | 341,532 | 501,133 | 560,131 | 375,344 | -891,757 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | -69,753 | -415,110 | -152,337 | -149,987 | -412,895 | -52,716 | -95,389 | -104,253 | -10,058 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -69,753 | -415,110 | -152,337 | -149,987 | -412,895 | -52,716 | -95,389 | -104,253 | -10,058 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,736 | 37,736 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -37,862 | -49,318 | -48,139 | 98,712 | -62,153 | -63,457 | 96,567 | 48,793 | -23,553 | -22,611 | 55,766 | 7,255 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 173,299 | 59,470 | 3,816 | 5,785 | 14,463 | 6,449 | 1,041 | -486 | -3,942 | -1,334 | 479 | -1,567 | -4,433 | -5,639 | -18,650 |
| cash flow from financing | 173,299 | 59,470 | 456 | -33,426 | -41,783 | -50,577 | 90,457 | -87,007 | -60,808 | 142,830 | 49,272 | -25,120 | -27,044 | 5,146 | 843,686 |
| cash and cash equivalents | |||||||||||||||
| cash | 468,599 | 149,517 | 664,492 | 798,150 | 910,408 | 246,777 | 609,882 | 41,893 | 468,031 | -369,255 | 101,045 | 248,309 | 35,849 | -33,901 | 47,230 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,866 | -297,818 | -114,958 | 447,642 |
| change in cash | 468,599 | 149,517 | 664,492 | 798,150 | 910,408 | 246,777 | 609,882 | 41,893 | 468,031 | -369,255 | 101,045 | 283,175 | 333,667 | 81,057 | -400,412 |
panel systems limited Credit Report and Business Information
Panel Systems Limited Competitor Analysis
Perform a competitor analysis for panel systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in S 3 area or any other competitors across 12 key performance metrics.
panel systems limited Ownership
PANEL SYSTEMS LIMITED group structure
Panel Systems Limited has no subsidiary companies.
Ultimate parent company
1 parent
PANEL SYSTEMS LIMITED
01179701
panel systems limited directors
Panel Systems Limited currently has 1 director, Mr Christopher Ibbotson serving since May 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Ibbotson | 72 years | May 1991 | - | Director |
P&L
December 2023turnover
11.7m
-9%
operating profit
495.1k
-42%
gross margin
14.4%
-8.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.7m
+0.05%
total assets
7.2m
+0.07%
cash
4.4m
+0.12%
net assets
Total assets minus all liabilities
panel systems limited company details
company number
01179701
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
August 1974
age
51
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
sheffield insulation systems limited (February 1985)
telstar panels limited (December 1980)
accountant
-
auditor
BHP LLP
address
units 3-9, welland close, parkwood industrial estate, rutland road, sheffield, S3 9QY
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
panel systems 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 5 charges/mortgages relating to panel systems limited. Currently there are 1 open charges and 4 have been satisfied in the past.
panel systems limited Capital Raised & Share Issues BETA
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panel systems limited Companies House Filings - See Documents
| date | description | view/download |
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