propak sheet metal limited
propak sheet metal limited Company Information
Company Number
01328169
Next Accounts
May 2025
Shareholders
bruce frederick bennett
Group Structure
View All
Industry
Manufacture of other fabricated metal products n.e.c.
Registered Address
unit 1 gunnels wood park, gunnels wood road, stevenage, hertfordshire, SG1 2BH
Website
www.propak.co.ukpropak sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PROPAK SHEET METAL LIMITED at £9.5m based on a Turnover of £12.4m and 0.77x industry multiple (adjusted for size and gross margin).
propak sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PROPAK SHEET METAL LIMITED at £16.6m based on an EBITDA of £2.8m and a 6.01x industry multiple (adjusted for size and gross margin).
propak sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PROPAK SHEET METAL LIMITED at £15m based on Net Assets of £7.6m and 1.96x industry multiple (adjusted for liquidity).
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Propak Sheet Metal Limited Overview
Propak Sheet Metal Limited is a live company located in stevenage, SG1 2BH with a Companies House number of 01328169. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in September 1977, it's largest shareholder is bruce frederick bennett with a 100% stake. Propak Sheet Metal Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.4m with healthy growth in recent years.
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Propak Sheet Metal Limited Health Check
Pomanda's financial health check has awarded Propak Sheet Metal Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £12.4m, make it in line with the average company (£13.1m)
£12.4m - Propak Sheet Metal Limited
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.5%)
5% - Propak Sheet Metal Limited
5.5% - Industry AVG
Production
with a gross margin of 41.4%, this company has a lower cost of product (28.8%)
41.4% - Propak Sheet Metal Limited
28.8% - Industry AVG
Profitability
an operating margin of 20.6% make it more profitable than the average company (5.9%)
20.6% - Propak Sheet Metal Limited
5.9% - Industry AVG
Employees
with 96 employees, this is above the industry average (79)
96 - Propak Sheet Metal Limited
79 - Industry AVG
Pay Structure
on an average salary of £55.6k, the company has a higher pay structure (£39.5k)
£55.6k - Propak Sheet Metal Limited
£39.5k - Industry AVG
Efficiency
resulting in sales per employee of £129k, this is equally as efficient (£150.2k)
£129k - Propak Sheet Metal Limited
£150.2k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is earlier than average (61 days)
45 days - Propak Sheet Metal Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (48 days)
29 days - Propak Sheet Metal Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 56 days, this is in line with average (70 days)
56 days - Propak Sheet Metal Limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 172 weeks, this is more cash available to meet short term requirements (14 weeks)
172 weeks - Propak Sheet Metal Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26%, this is a lower level of debt than the average (47.9%)
26% - Propak Sheet Metal Limited
47.9% - Industry AVG
PROPAK SHEET METAL LIMITED financials
Propak Sheet Metal Limited's latest turnover from August 2023 is £12.4 million and the company has net assets of £7.6 million. According to their latest financial statements, Propak Sheet Metal Limited has 96 employees and maintains cash reserves of £5.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,387,371 | 10,206,458 | 8,247,420 | 10,667,730 | 9,975,178 | 8,669,011 | 7,609,352 | 7,225,427 | 7,501,539 | 7,609,577 | 9,191,450 | 9,407,748 | 9,018,894 | 8,038,933 | 6,860,295 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 7,263,089 | 6,310,609 | 6,181,720 | 7,287,933 | 6,854,144 | 6,159,105 | 5,753,351 | 5,407,985 | 5,848,759 | 5,676,290 | 7,122,803 | 6,983,799 | 6,928,543 | 5,848,522 | 5,646,689 |
| Gross Profit | 5,124,282 | 3,895,849 | 2,065,700 | 3,379,797 | 3,121,034 | 2,509,906 | 1,856,001 | 1,817,442 | 1,652,780 | 1,933,287 | 2,068,647 | 2,423,949 | 2,090,351 | 2,190,411 | 1,213,606 |
| Admin Expenses | 2,572,642 | 2,763,808 | 1,695,499 | 2,894,983 | 1,743,404 | 1,368,743 | 1,293,901 | 1,466,979 | 1,279,975 | 1,310,121 | 1,793,014 | 1,858,127 | 1,553,665 | 1,225,105 | 1,081,923 |
| Operating Profit | 2,551,640 | 1,132,041 | 370,201 | 484,814 | 1,377,630 | 1,141,163 | 562,100 | 350,463 | 372,805 | 623,166 | 275,633 | 565,822 | 536,686 | 965,306 | 131,683 |
| Interest Payable | 4,104 | 7,412 | 508 | 131 | 10,927 | 10,207 | 22,784 | 14,405 | 15,444 | 1,891 | 17,739 | 20,746 | |||
| Interest Receivable | 39,075 | 1,769 | 10,307 | 15,833 | 4,933 | 1,402 | 4,205 | 4,050 | 3,403 | 2,020 | 649 | 1,368 | 659 | 1,586 | |
| Pre-Tax Profit | 2,586,611 | 1,133,810 | 370,201 | 495,121 | 1,386,051 | 1,145,588 | 563,371 | 343,741 | 366,648 | 603,785 | 263,248 | 551,027 | 536,163 | 948,226 | 112,523 |
| Tax | -596,796 | -20,178 | -76,012 | -96,143 | -135,253 | -175,431 | 10,750 | 86,886 | -81,312 | -172,920 | -24,324 | -134,130 | -147,733 | -284,293 | -7,845 |
| Profit After Tax | 1,989,815 | 1,113,632 | 294,189 | 398,978 | 1,250,798 | 970,157 | 574,121 | 430,627 | 285,336 | 430,865 | 238,924 | 416,897 | 388,430 | 663,933 | 104,678 |
| Dividends Paid | 219,823 | 1,189,680 | 27,500 | 135,053 | 230,000 | 514,000 | 400,000 | 415,000 | 348,000 | 186,000 | 239,000 | 495,000 | |||
| Retained Profit | 1,769,992 | -76,048 | 294,189 | 371,478 | 1,250,798 | 835,104 | 344,121 | -83,373 | -114,664 | 15,865 | -109,076 | 230,897 | 149,430 | 168,933 | 104,678 |
| Employee Costs | 5,337,516 | 5,579,489 | 4,686,924 | 5,982,092 | 4,617,199 | 4,010,759 | 3,599,886 | 3,657,388 | 3,793,968 | 3,815,298 | 4,700,986 | 5,028,290 | 4,368,872 | 3,766,569 | 3,445,363 |
| Number Of Employees | 96 | 94 | 102 | 102 | 99 | 92 | 87 | 85 | 93 | 98 | 114 | 112 | 111 | 88 | 95 |
| EBITDA* | 2,767,316 | 1,279,733 | 504,775 | 622,527 | 1,592,443 | 1,354,353 | 770,509 | 573,628 | 632,390 | 902,456 | 537,658 | 810,641 | 742,305 | 1,141,680 | 354,707 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,306,885 | 402,822 | 433,041 | 428,036 | 397,190 | 448,194 | 406,803 | 652,670 | 773,702 | 940,648 | 1,195,196 | 684,252 | 849,572 | 563,363 | 698,319 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,306,885 | 402,822 | 433,041 | 428,036 | 397,190 | 448,194 | 406,803 | 652,670 | 773,702 | 940,648 | 1,195,196 | 684,252 | 849,572 | 563,363 | 698,319 |
| Stock & work in progress | 1,128,635 | 1,365,206 | 742,499 | 833,603 | 809,241 | 594,267 | 418,895 | 596,666 | 581,006 | 594,831 | 616,103 | 923,860 | 944,551 | 1,001,753 | 608,535 |
| Trade Debtors | 1,537,751 | 1,292,164 | 1,181,924 | 1,281,582 | 1,808,743 | 1,787,353 | 1,367,639 | 1,269,629 | 1,269,823 | 1,945,053 | 1,537,796 | 1,903,886 | 1,795,760 | 2,034,140 | 1,645,972 |
| Group Debtors | 600,000 | 112,668 | 345,999 | 240,000 | 574,013 | 10,000 | 16,000 | 453,089 | 180,000 | ||||||
| Misc Debtors | 502,388 | 530,406 | 434,902 | 301,153 | 264,687 | 38,150 | 176,951 | 189,789 | 98,484 | 30,707 | 110,279 | 30,733 | 40,888 | 35,072 | 43,922 |
| Cash | 5,235,958 | 4,771,926 | 4,939,359 | 4,811,415 | 3,336,015 | 3,378,875 | 2,705,689 | 1,742,777 | 2,057,325 | 1,489,830 | 1,631,055 | 1,125,184 | 983,310 | 862,304 | 970,626 |
| misc current assets | |||||||||||||||
| total current assets | 9,004,732 | 8,072,370 | 7,644,683 | 7,467,753 | 6,792,699 | 5,808,645 | 4,685,174 | 4,251,950 | 4,186,638 | 4,060,421 | 3,895,233 | 3,983,663 | 3,764,509 | 3,933,269 | 3,269,055 |
| total assets | 10,311,617 | 8,475,192 | 8,077,724 | 7,895,789 | 7,189,889 | 6,256,839 | 5,091,977 | 4,904,620 | 4,960,340 | 5,001,069 | 5,090,429 | 4,667,915 | 4,614,081 | 4,496,632 | 3,967,374 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 587,937 | 730,156 | 534,905 | 223,090 | 344,649 | 478,796 | 393,062 | 550,840 | 336,520 | 379,514 | 380,419 | 287,215 | 269,911 | 290,910 | 187,836 |
| Group/Directors Accounts | 189,835 | 155 | 155 | 58,655 | 217 | 217 | 208 | 1,913 | 1,913 | 144,000 | 195,000 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 47,409 | 14,009 | 96,223 | 82,214 | 137,543 | 57,053 | 84,155 | 79,054 | |||||||
| other current liabilities | 992,226 | 811,569 | 716,835 | 1,162,059 | 662,967 | 764,132 | 660,237 | 608,634 | 575,217 | 409,759 | 313,572 | 343,843 | 253,130 | 539,239 | 243,375 |
| total current liabilities | 1,580,163 | 1,731,560 | 1,251,895 | 1,385,304 | 1,066,271 | 1,290,554 | 1,053,516 | 1,173,691 | 1,009,873 | 873,400 | 831,534 | 688,111 | 751,196 | 1,025,149 | 510,265 |
| loans | |||||||||||||||
| hp & lease commitments | 87,309 | 11,595 | 140,935 | 188,758 | 354,569 | 145,787 | 234,358 | 157,939 | |||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,105,117 | 887,287 | 893,436 | 872,281 | 856,892 | 863,048 | 857,637 | 882,631 | 889,456 | 904,171 | 885,451 | 706,066 | 731,473 | 723,859 | 720,479 |
| total long term liabilities | 1,105,117 | 887,287 | 893,436 | 872,281 | 856,892 | 950,357 | 857,637 | 894,226 | 1,030,391 | 1,092,929 | 1,240,020 | 851,853 | 965,831 | 723,859 | 878,418 |
| total liabilities | 2,685,280 | 2,618,847 | 2,145,331 | 2,257,585 | 1,923,163 | 2,240,911 | 1,911,153 | 2,067,917 | 2,040,264 | 1,966,329 | 2,071,554 | 1,539,964 | 1,717,027 | 1,749,008 | 1,388,683 |
| net assets | 7,626,337 | 5,856,345 | 5,932,393 | 5,638,204 | 5,266,726 | 4,015,928 | 3,180,824 | 2,836,703 | 2,920,076 | 3,034,740 | 3,018,875 | 3,127,951 | 2,897,054 | 2,747,624 | 2,578,691 |
| total shareholders funds | 7,626,337 | 5,856,345 | 5,932,393 | 5,638,204 | 5,266,726 | 4,015,928 | 3,180,824 | 2,836,703 | 2,920,076 | 3,034,740 | 3,018,875 | 3,127,951 | 2,897,054 | 2,747,624 | 2,578,691 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,551,640 | 1,132,041 | 370,201 | 484,814 | 1,377,630 | 1,141,163 | 562,100 | 350,463 | 372,805 | 623,166 | 275,633 | 565,822 | 536,686 | 965,306 | 131,683 |
| Depreciation | 215,676 | 147,692 | 134,574 | 137,713 | 214,813 | 213,190 | 208,409 | 223,165 | 259,585 | 279,290 | 262,025 | 244,819 | 205,619 | 176,374 | 223,024 |
| Amortisation | |||||||||||||||
| Tax | -596,796 | -20,178 | -76,012 | -96,143 | -135,253 | -175,431 | 10,750 | 86,886 | -81,312 | -172,920 | -24,324 | -134,130 | -147,733 | -284,293 | -7,845 |
| Stock | -236,571 | 622,707 | -91,104 | 24,362 | 214,974 | 175,372 | -177,771 | 15,660 | -13,825 | -21,272 | -307,757 | -20,691 | -57,202 | 393,218 | 608,535 |
| Debtors | 704,901 | -27,587 | 140,090 | -824,708 | 811,940 | 274,913 | -351,917 | 364,200 | -427,453 | 327,685 | -286,544 | 97,971 | -232,564 | 379,318 | 1,689,894 |
| Creditors | -142,219 | 195,251 | 311,815 | -121,559 | -134,147 | 85,734 | -157,778 | 214,320 | -42,994 | -905 | 93,204 | 17,304 | -20,999 | 103,074 | 187,836 |
| Accruals and Deferred Income | 180,657 | 94,734 | -445,224 | 499,092 | -101,165 | 103,895 | 51,603 | 33,417 | 165,458 | 96,187 | -30,271 | 90,713 | -286,109 | 295,864 | 243,375 |
| Deferred Taxes & Provisions | 217,830 | -6,149 | 21,155 | 15,389 | -6,156 | 5,411 | -24,994 | -6,825 | -14,715 | 18,720 | 179,385 | -25,407 | 7,614 | 3,380 | 720,479 |
| Cash flow from operations | 1,958,458 | 948,271 | 267,523 | 1,719,652 | 188,808 | 923,677 | 1,179,778 | 521,566 | 1,100,105 | 537,125 | 1,349,953 | 681,841 | 584,844 | 487,169 | -799,877 |
| Investing Activities | |||||||||||||||
| capital expenditure | -243,879 | 38,804 | -93,383 | -77,697 | -42,266 | -694,719 | -78,329 | -499,498 | -278,411 | -84,979 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -243,879 | 38,804 | -93,383 | -77,697 | -42,266 | -694,719 | -78,329 | -499,498 | -278,411 | -84,979 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -189,835 | 189,680 | -58,500 | 58,438 | 9 | -1,705 | 1,913 | -144,000 | -51,000 | 195,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -134,718 | 134,718 | -25,604 | -211,554 | -33,814 | -221,140 | 289,272 | -115,673 | 318,513 | -236,993 | 236,993 | ||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 34,971 | 1,769 | 10,307 | 8,421 | 4,425 | 1,271 | -6,722 | -6,157 | -19,381 | -12,385 | -14,795 | -523 | -17,080 | -19,160 | |
| cash flow from financing | -154,864 | 191,449 | -48,193 | -67,859 | 139,143 | -24,324 | -219,981 | -39,971 | -238,608 | 276,887 | -274,468 | 266,990 | -59,073 | 2,691,846 | |
| cash and cash equivalents | |||||||||||||||
| cash | 464,032 | -167,433 | 127,944 | 1,475,400 | -42,860 | 673,186 | 962,912 | -314,548 | 567,495 | -141,225 | 505,871 | 141,874 | 121,006 | -108,322 | 970,626 |
| overdraft | |||||||||||||||
| change in cash | 464,032 | -167,433 | 127,944 | 1,475,400 | -42,860 | 673,186 | 962,912 | -314,548 | 567,495 | -141,225 | 505,871 | 141,874 | 121,006 | -108,322 | 970,626 |
propak sheet metal limited Credit Report and Business Information
Propak Sheet Metal Limited Competitor Analysis
Perform a competitor analysis for propak sheet metal limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in SG1 area or any other competitors across 12 key performance metrics.
propak sheet metal limited Ownership
PROPAK SHEET METAL LIMITED group structure
Propak Sheet Metal Limited has no subsidiary companies.
Ultimate parent company
PROPAK SHEET METAL LIMITED
01328169
propak sheet metal limited directors
Propak Sheet Metal Limited currently has 5 directors. The longest serving directors include Mr Andrew Child (Aug 1992) and Mr Andrew Hughes (Jun 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Child | 67 years | Aug 1992 | - | Director | |
| Mr Andrew Hughes | 63 years | Jun 1996 | - | Director | |
| Mr Kevin Deamer | United Kingdom | 43 years | May 2020 | - | Director |
| Mr Robert Marven | United Kingdom | 47 years | Oct 2020 | - | Director |
| Mr Mark Bennett | 43 years | Sep 2023 | - | Director |
P&L
August 2023turnover
12.4m
+21%
operating profit
2.6m
+125%
gross margin
41.4%
+8.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
7.6m
+0.3%
total assets
10.3m
+0.22%
cash
5.2m
+0.1%
net assets
Total assets minus all liabilities
propak sheet metal limited company details
company number
01328169
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
September 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
MENZIES LLP
address
unit 1 gunnels wood park, gunnels wood road, stevenage, hertfordshire, SG1 2BH
Bank
HSBC BANK PLC
Legal Advisor
-
propak sheet metal 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 10 charges/mortgages relating to propak sheet metal limited. Currently there are 3 open charges and 7 have been satisfied in the past.
propak sheet metal 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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propak sheet metal limited Companies House Filings - See Documents
| date | description | view/download |
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