narrow aisle limited

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narrow aisle limited Company Information

Share NARROW AISLE LIMITED

Company Number

01250894

Shareholders

narrow aisle holdings limited

Group Structure

View All

Industry

Manufacture of lifting and handling equipment

 

Registered Address

3 waterfront business park, dudley road, brierley hill, west midlands, DY5 1LX

narrow aisle limited Estimated Valuation

£24.2m

Pomanda estimates the enterprise value of NARROW AISLE LIMITED at £24.2m based on a Turnover of £32m and 0.76x industry multiple (adjusted for size and gross margin).

narrow aisle limited Estimated Valuation

£12.3m

Pomanda estimates the enterprise value of NARROW AISLE LIMITED at £12.3m based on an EBITDA of £2m and a 6.04x industry multiple (adjusted for size and gross margin).

narrow aisle limited Estimated Valuation

£27.1m

Pomanda estimates the enterprise value of NARROW AISLE LIMITED at £27.1m based on Net Assets of £12.8m and 2.12x industry multiple (adjusted for liquidity).

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Narrow Aisle Limited Overview

Narrow Aisle Limited is a live company located in brierley hill, DY5 1LX with a Companies House number of 01250894. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in March 1976, it's largest shareholder is narrow aisle holdings limited with a 100% stake. Narrow Aisle Limited is a mature, large sized company, Pomanda has estimated its turnover at £32m with healthy growth in recent years.

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Narrow Aisle Limited Health Check

Pomanda's financial health check has awarded Narrow Aisle Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £32m, make it larger than the average company (£15m)

£32m - Narrow Aisle Limited

£15m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.8%)

14% - Narrow Aisle Limited

6.8% - Industry AVG

production

Production

with a gross margin of 21.7%, this company has a higher cost of product (28.7%)

21.7% - Narrow Aisle Limited

28.7% - Industry AVG

profitability

Profitability

an operating margin of 6.1% make it as profitable than the average company (6%)

6.1% - Narrow Aisle Limited

6% - Industry AVG

employees

Employees

with 78 employees, this is similar to the industry average (79)

78 - Narrow Aisle Limited

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.4k, the company has an equivalent pay structure (£47.7k)

£56.4k - Narrow Aisle Limited

£47.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £410k, this is more efficient (£179.7k)

£410k - Narrow Aisle Limited

£179.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is earlier than average (59 days)

47 days - Narrow Aisle Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is quicker than average (49 days)

42 days - Narrow Aisle Limited

49 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 95 days, this is more than average (64 days)

95 days - Narrow Aisle Limited

64 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Narrow Aisle Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.6%, this is a lower level of debt than the average (54.9%)

43.6% - Narrow Aisle Limited

54.9% - Industry AVG

NARROW AISLE LIMITED financials

EXPORTms excel logo

Narrow Aisle Limited's latest turnover from December 2023 is £32 million and the company has net assets of £12.8 million. According to their latest financial statements, Narrow Aisle Limited has 78 employees and maintains cash reserves of £83 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover31,983,68629,689,54924,648,28721,850,82524,542,05324,772,22822,408,36719,470,61519,304,09318,552,04518,528,79718,204,20717,030,11710,665,05810,870,319
Other Income Or Grants000000000000000
Cost Of Sales25,036,03124,560,66919,699,35317,283,91019,732,72019,980,99518,060,58014,730,62715,188,93215,400,57115,553,34315,314,51514,478,2168,797,1510
Gross Profit6,947,6555,128,8804,948,9344,566,9154,809,3334,791,2334,347,7874,739,9884,115,1613,151,4742,975,4542,889,6922,551,9011,867,9070
Admin Expenses4,994,7914,156,0393,964,5523,729,2643,819,4623,124,0462,903,6462,741,1772,388,2612,925,5772,824,5892,543,8362,304,9902,061,592-145,867
Operating Profit1,952,864972,841984,382837,651989,8711,667,1871,444,1411,998,8111,726,900225,897150,865345,856246,911-193,685145,867
Interest Payable447,287259,87848,06061,00597,3721,8616,5333,8799,2098,8818,7368,55921,17519,43520,110
Interest Receivable8953731,1314356,1257,26510,1193,153122281,47640429089839
Pre-Tax Profit1,506,472713,336937,453777,081898,6241,672,5911,447,7271,998,0851,717,813217,044143,605337,701226,026-212,222125,796
Tax-72,6823,927139,89692,597414,254-98,569-283,964-393,431-192,056-60,128-51,530-97,161-55,02976,273-19,805
Profit After Tax1,433,790717,2631,077,349869,6781,312,8781,574,0221,163,7631,604,6541,525,757156,91692,075240,540170,997-135,949105,991
Dividends Paid00000750,0000000000250,0000
Retained Profit1,433,790717,2631,077,349869,6781,312,878824,0221,163,7631,604,6541,525,757156,91692,075240,540170,997-385,949105,991
Employee Costs4,402,5843,600,9523,179,0103,162,6453,251,9922,867,3742,579,5782,440,4472,506,0192,499,9002,486,7622,160,2171,973,6321,735,9201,846,140
Number Of Employees787479797969697078797973686471
EBITDA*2,029,1331,029,6991,040,069879,1641,016,6001,714,2351,504,4502,055,4701,782,220280,291200,588389,495302,140-123,237219,456

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets272,057147,425196,266168,269118,25753,493859,688893,050938,977787,707807,215757,484798,045851,895917,458
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)0000000000000016,000
Total Fixed Assets272,057147,425196,266168,269118,25753,493859,688893,050938,977787,707807,215757,484798,045851,895933,458
Stock & work in progress6,518,7075,861,1514,476,5852,847,8953,011,7582,550,5961,791,1172,497,3091,775,3724,194,9513,310,2723,130,3213,034,5232,805,5852,770,930
Trade Debtors4,161,3323,453,6422,770,0232,295,9202,523,0262,010,5362,521,4741,912,1702,453,2052,537,7052,373,3602,225,5642,144,2681,223,2851,200,007
Group Debtors11,286,88911,042,28411,956,3458,424,3367,079,5395,331,6663,091,5062,770,7262,013,309114,57049,959107,03573,98952,09763,397
Misc Debtors321,562376,984345,297376,572286,040326,076156,665202,832213,668227,222211,252191,009146,305102,924155,915
Cash83,000307,471638,0571,194,5421,064,849222,6682,724,0871,479,083169,18224,34997,107218,988187,19279,83882,126
misc current assets000000000000000
total current assets22,371,49021,041,53220,186,30715,139,26513,965,21210,441,54210,284,8498,862,1206,624,7367,098,7976,041,9505,872,9175,586,2774,263,7294,272,375
total assets22,643,54721,188,95720,382,57315,307,53414,083,46910,495,03511,144,5379,755,1707,563,7137,886,5046,849,1656,630,4016,384,3225,115,6245,205,833
Bank overdraft1,681,0422,388,5781,836,1430650,808111,139161,780103,1690438,148549,745371,239178,42489,16074,898
Bank loan0002130000017,09816,22516,22517,41717,4170
Trade Creditors 2,945,9122,057,8012,229,3032,371,4111,857,4851,663,8901,177,9871,362,3331,110,4061,575,6331,799,4092,013,2471,777,4261,360,839725,329
Group/Directors Accounts550,48700470,425381,28646,25800000016,000168,856989,783
other short term finances000000000000000
hp & lease commitments000000005,47521,23321,23321,23325,22552,84357,647
other current liabilities1,759,9041,550,9201,089,314924,768893,5791,313,7871,221,5272,013,3071,542,7661,654,3191,218,3591,414,074960,268496,245730,543
total current liabilities6,937,3455,997,2995,154,7603,766,8173,783,1583,135,0742,561,2943,478,8092,658,6473,706,4313,604,9713,836,0182,974,7602,185,3602,578,200
loans2,904,9793,844,9914,600,0002,000,0001,627,87202,045,104897,0851,130,6441,769,336975,370601,8151,440,2921,197,174162,001
hp & lease commitments0000000005,47526,70847,94165,183052,843
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions32,10411,3389,74701,4001,8004,0008,9008,70011,6445,414000293,750
total long term liabilities2,937,0833,856,3294,609,7472,000,0001,629,2721,8002,049,104905,9851,139,3441,786,4551,007,492649,7561,505,4751,197,174508,594
total liabilities9,874,4289,853,6289,764,5075,766,8175,412,4303,136,8744,610,3984,384,7943,797,9915,492,8864,612,4634,485,7744,480,2353,382,5343,086,794
net assets12,769,11911,335,32910,618,0669,540,7178,671,0397,358,1616,534,1395,370,3763,765,7222,393,6182,236,7022,144,6271,904,0871,733,0902,119,039
total shareholders funds12,769,11911,335,32910,618,0669,540,7178,671,0397,358,1616,534,1395,370,3763,765,7222,393,6182,236,7022,144,6271,904,0871,733,0902,119,039
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,952,864972,841984,382837,651989,8711,667,1871,444,1411,998,8111,726,900225,897150,865345,856246,911-193,685145,867
Depreciation76,26956,85855,68741,51326,72947,04860,30956,65955,32054,39449,72343,63955,22970,44873,589
Amortisation000000000000000
Tax-72,6823,927139,89692,597414,254-98,569-283,964-393,431-192,056-60,128-51,530-97,161-55,02976,273-19,805
Stock657,5561,384,5661,628,690-163,863461,162759,479-706,192721,937-2,419,579884,679179,95195,798228,93834,6552,770,930
Debtors896,873-198,7553,974,8371,208,2232,220,3271,898,633883,917205,5461,800,685244,926110,963159,046986,256-57,0131,435,319
Creditors888,111-171,502-142,108513,926193,595485,903-184,346251,927-465,227-223,776-213,838235,821416,587635,510725,329
Accruals and Deferred Income208,984461,606164,54631,189-420,20892,260-791,780470,541-111,553435,960-195,715453,806464,023-234,298730,543
Deferred Taxes & Provisions20,7661,5919,747-1,400-400-2,200-4,900200-2,9446,2305,41400-293,750293,750
Cash flow from operations1,519,883139,510-4,391,377471,116-1,477,648-466,48361,7351,457,2241,629,334-691,028-545,995727,117-87,47382,856-2,256,976
Investing Activities
capital expenditure-200,901-8,017-83,684-91,525-91,493759,147-26,947-10,732-206,590-34,886-99,454-3,078-1,379-4,885-991,047
Change in Investments000000000000000
cash flow from investments-200,901-8,017-83,684-91,525-91,493759,147-26,947-10,732-206,590-34,886-99,454-3,078-1,379-4,885-991,047
Financing Activities
Bank loans00-2132130000-17,0988730-1,192017,4170
Group/Directors Accounts550,4870-470,42589,139335,02846,25800000-16,000-152,856-820,927989,783
Other Short Term Loans 000000000000000
Long term loans-940,012-755,0092,600,000372,1281,627,872-2,045,1041,148,019-233,559-638,692793,966373,555-838,477243,1181,035,173162,001
Hire Purchase and Lease Commitments0000000-5,475-21,233-21,233-21,233-21,23437,565-57,647110,490
other long term liabilities000000000000000
share issue00000000-153,653000002,013,048
interest-446,392-259,505-46,929-60,570-91,2475,4043,586-726-9,087-8,853-7,260-8,155-20,885-18,537-20,071
cash flow from financing-835,917-1,014,5142,082,433400,9101,871,653-1,993,4421,151,605-239,760-839,763764,753345,062-885,058106,942155,4793,255,251
cash and cash equivalents
cash-224,471-330,586-556,485129,693842,181-2,501,4191,245,0041,309,901144,833-72,758-121,88131,796107,354-2,28882,126
overdraft-707,536552,4351,836,143-650,808539,669-50,64158,611103,169-438,148-111,597178,506192,81589,26414,26274,898
change in cash483,065-883,021-2,392,628780,501302,512-2,450,7781,186,3931,206,732582,98138,839-300,387-161,01918,090-16,5507,228

narrow aisle 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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Narrow Aisle Limited Competitor Analysis

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Perform a competitor analysis for narrow aisle limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DY5 area or any other competitors across 12 key performance metrics.

narrow aisle limited Ownership

NARROW AISLE LIMITED group structure

Narrow Aisle Limited has 1 subsidiary company.

NARROW AISLE LIMITED Shareholders

narrow aisle holdings limited 100%

narrow aisle limited directors

Narrow Aisle Limited currently has 2 directors. The longest serving directors include Mr Donald Houston (Jan 2019) and Mr James Porter (Jan 2019).

officercountryagestartendrole
Mr Donald Houston63 years Jan 2019- Director
Mr James Porter73 years Jan 2019- Director

P&L

December 2023

turnover

32m

+8%

operating profit

2m

+101%

gross margin

21.8%

+25.75%

turnover

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

Balance Sheet

December 2023

net assets

12.8m

+0.13%

total assets

22.6m

+0.07%

cash

83k

-0.73%

net assets

Total assets minus all liabilities

narrow aisle limited company details

company number

01250894

Type

Private limited with Share Capital

industry

28220 - Manufacture of lifting and handling equipment

incorporation date

March 1976

age

49

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

narrow aisle (u.k.) limited (September 1994)

primedrive limited (December 1976)

accountant

-

auditor

CROMBIES ACCOUNTANTS LIMITED

address

3 waterfront business park, dudley road, brierley hill, west midlands, DY5 1LX

Bank

-

Legal Advisor

-

narrow aisle 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 11 charges/mortgages relating to narrow aisle limited. Currently there are 4 open charges and 7 have been satisfied in the past.

narrow aisle 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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narrow aisle limited Companies House Filings - See Documents

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