rowan steels limited

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rowan steels limited Company Information

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Company Number

01352116

Registered Address

unit 4, edwin road, hoo farm industrial estate, kidderminster, worcestershire, DY11 7RA

Industry

Manufacture of other fabricated metal products n.e.c.

 

Telephone

441562515412

Next Accounts Due

October 2024

Group Structure

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Directors

Andrew Sorrell26 Years

Ronald Lees0 Years

Shareholders

andrew sorrell 95.6%

ronald peter lees 4.4%

rowan steels limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of ROWAN STEELS LIMITED at £3m based on a Turnover of £4.8m and 0.62x industry multiple (adjusted for size and gross margin).

rowan steels limited Estimated Valuation

£529.3k

Pomanda estimates the enterprise value of ROWAN STEELS LIMITED at £529.3k based on an EBITDA of £126.3k and a 4.19x industry multiple (adjusted for size and gross margin).

rowan steels limited Estimated Valuation

£492.3k

Pomanda estimates the enterprise value of ROWAN STEELS LIMITED at £492.3k based on Net Assets of £244.2k and 2.02x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from January 2023 

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Rowan Steels Limited Overview

Rowan Steels Limited is a live company located in kidderminster, DY11 7RA with a Companies House number of 01352116. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 1978, it's largest shareholder is andrew sorrell with a 95.6% stake. Rowan Steels Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with healthy growth in recent years.

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Rowan Steels Limited Health Check

Pomanda's financial health check has awarded Rowan Steels Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £4.8m, make it smaller than the average company (£12.3m)

£4.8m - Rowan Steels Limited

£12.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.7%)

13% - Rowan Steels Limited

3.7% - Industry AVG

production

Production

with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)

29.5% - Rowan Steels Limited

29.5% - Industry AVG

profitability

Profitability

an operating margin of 2.4% make it less profitable than the average company (6.6%)

2.4% - Rowan Steels Limited

6.6% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (77)

10 - Rowan Steels Limited

77 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)

£38.4k - Rowan Steels Limited

£38.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £477.6k, this is more efficient (£147.1k)

£477.6k - Rowan Steels Limited

£147.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 93 days, this is later than average (62 days)

93 days - Rowan Steels Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 122 days, this is slower than average (50 days)

122 days - Rowan Steels Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 97 days, this is more than average (71 days)

97 days - Rowan Steels Limited

71 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)

2 weeks - Rowan Steels Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 90%, this is a higher level of debt than the average (48.4%)

90% - Rowan Steels Limited

48.4% - Industry AVG

rowan steels limited Credit Report and Business Information

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Rowan Steels Limited Competitor Analysis

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rowan steels limited Ownership

ROWAN STEELS LIMITED group structure

Rowan Steels Limited has no subsidiary companies.

Ultimate parent company

ROWAN STEELS LIMITED

01352116

ROWAN STEELS LIMITED Shareholders

andrew sorrell 95.63%
ronald peter lees 4.38%

rowan steels limited directors

Rowan Steels Limited currently has 2 directors. The longest serving directors include Mr Andrew Sorrell (Jul 1997) and Mr Ronald Lees (Mar 2023).

officercountryagestartendrole
Mr Andrew SorrellUnited Kingdom52 years Jul 1997- Director
Mr Ronald LeesUnited Kingdom54 years Mar 2023- Director

ROWAN STEELS LIMITED financials

EXPORTms excel logo

Rowan Steels Limited's latest turnover from January 2023 is estimated at £4.8 million and the company has net assets of £244.2 thousand. According to their latest financial statements, Rowan Steels Limited has 10 employees and maintains cash reserves of £109.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Mar 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover4,776,4504,185,9393,245,9863,351,5142,615,5052,458,6812,122,7421,456,1592,159,7102,351,8343,571,3033,239,4293,414,0782,625,818
Other Income Or Grants00000000000000
Cost Of Sales3,369,7402,949,9752,278,1532,353,4041,838,6981,700,6311,456,7441,000,2641,491,2761,631,4972,498,2112,254,7612,353,4321,834,664
Gross Profit1,406,7111,235,964967,833998,110776,808758,049665,998455,895668,434720,3371,073,092984,6691,060,647791,155
Admin Expenses1,293,0841,126,544961,1431,013,586831,507704,635659,504449,503651,977793,4691,096,753966,9151,034,711579,541
Operating Profit113,627109,4206,690-15,476-54,69953,4146,4946,39216,457-73,132-23,66117,75425,936211,614
Interest Payable11,08311,8907,5381,6871,687000000000
Interest Receivable2,268265404552175511512654000
Pre-Tax Profit104,81197,557-842-17,122-56,34153,4656,5116,44816,572-73,006-23,60717,75425,936211,614
Tax-19,914-18,536000-10,158-1,302-1,289-3,48000-4,616-7,262-59,252
Profit After Tax84,89779,021-842-17,122-56,34143,3075,2095,15813,092-73,006-23,60713,13818,674152,362
Dividends Paid00000000000000
Retained Profit84,89779,021-842-17,122-56,34143,3075,2095,15813,092-73,006-23,60713,13818,674152,362
Employee Costs384,390361,871322,556322,221305,865299,728297,529260,921574,990661,484893,684855,099921,737722,565
Number Of Employees1010999998182129283125
EBITDA*126,323113,2578,817-13,113-51,48356,9879,7149,84820,109-71,737-19,78422,31931,526215,373

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Mar 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets120,55733,13219,14221,26923,63232,16135,73432,20625,64629,29824,38127,05931,62437,214
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets120,55733,13219,14221,26923,63232,16135,73432,20625,64629,29824,38127,05931,62437,214
Stock & work in progress898,9631,003,032963,222688,396581,997470,129348,143143,133140,564125,458245,354229,179266,368124,744
Trade Debtors1,228,2651,143,131620,448558,537615,413559,066512,478376,128454,874520,622734,782728,397732,443545,898
Group Debtors00000000000000
Misc Debtors82,27381,19786,0020108,20395,0459,82517,682000000
Cash109,36220,21052010,39735511,5599,0974,84517,17028,85921,559222
misc current assets00000000000000
total current assets2,318,8632,247,5701,670,1921,257,3301,305,9681,135,799879,543541,788612,608674,9391,001,695957,578998,813670,644
total assets2,439,4202,280,7021,689,3341,278,5991,329,6001,167,960915,277573,994638,254704,2371,026,076984,6371,030,437707,858
Bank overdraft33,33733,33773,248049,971000000000
Bank loan00000000000000
Trade Creditors 1,132,590914,242776,9391,197,477581,050669,175534,940292,093537,343616,418865,251800,205859,143555,238
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities939,9961,073,826584,9810600,335344,200269,059175,832000000
total current liabilities2,105,9232,021,4051,435,1681,197,4771,231,3561,013,375803,999467,925537,343616,418865,251800,205859,143555,238
loans66,65999,996173,88600000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions22,6400000000000000
total long term liabilities89,29999,996173,88600000000000
total liabilities2,195,2222,121,4011,609,0541,197,4771,231,3561,013,375803,999467,925537,343616,418865,251800,205859,143555,238
net assets244,198159,30180,28081,12298,244154,585111,278106,069100,91187,819160,825184,432171,294152,620
total shareholders funds244,198159,30180,28081,12298,244154,585111,278106,069100,91187,819160,825184,432171,294152,620
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Mar 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit113,627109,4206,690-15,476-54,69953,4146,4946,39216,457-73,132-23,66117,75425,936211,614
Depreciation12,6963,8372,1272,3633,2163,5733,2203,4563,6521,3953,8774,5655,5903,759
Amortisation00000000000000
Tax-19,914-18,536000-10,158-1,302-1,289-3,48000-4,616-7,262-59,252
Stock-104,06939,810274,826106,399111,868121,986205,0102,56915,106-119,89616,175-37,189141,624124,744
Debtors86,210517,878147,913-165,07969,505131,808128,493-61,064-65,748-214,1606,385-4,046186,545545,898
Creditors218,348137,303-420,538616,427-88,125134,235242,847-245,250-79,075-248,83365,046-58,938303,905555,238
Accruals and Deferred Income-133,830488,845584,981-600,335256,13575,14193,227175,832000000
Deferred Taxes & Provisions22,6400000000000000
Cash flow from operations231,426163,181-249,47961,659-64,8462,41110,983-2,364-11,80413,48622,7020040,717
Investing Activities
capital expenditure-100,121-17,827005,3130-6,748-10,0160-6,312-1,19900-40,973
Change in Investments00000000000000
cash flow from investments-100,121-17,827005,3130-6,748-10,0160-6,312-1,19900-40,973
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-33,337-73,890173,88600000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000258
interest-8,815-11,864-7,533-1,647-1,64252175511512654000
cash flow from financing-42,152-85,754166,353-1,647-1,6425217551151265400258
cash and cash equivalents
cash89,15219,690-9,87710,042-11,2042,4624,252-12,325-11,6897,30021,557002
overdraft0-39,91173,248-49,97149,971000000000
change in cash89,15259,601-83,12560,013-61,1752,4624,252-12,325-11,6897,30021,557002

P&L

January 2023

turnover

4.8m

+14%

operating profit

113.6k

0%

gross margin

29.5%

-0.26%

turnover

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

Balance Sheet

January 2023

net assets

244.2k

+0.53%

total assets

2.4m

+0.07%

cash

109.4k

+4.41%

net assets

Total assets minus all liabilities

rowan steels limited company details

company number

01352116

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

February 1978

age

46

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit 4, edwin road, hoo farm industrial estate, kidderminster, worcestershire, DY11 7RA

last accounts submitted

January 2023

rowan steels 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 9 charges/mortgages relating to rowan steels limited. Currently there are 1 open charges and 8 have been satisfied in the past.

charges

rowan steels limited Companies House Filings - See Documents

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