rowan steels limited Company Information
Company Number
01352116
Website
www.rowansteels.co.ukRegistered 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
View All
Shareholders
andrew sorrell 95.6%
ronald peter lees 4.4%
rowan steels limited Estimated Valuation
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
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
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).
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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
3 Strong
2 Regular
7 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£12.3m)
- Rowan Steels Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.7%)
- Rowan Steels Limited
3.7% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
- Rowan Steels Limited
29.5% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (6.6%)
- Rowan Steels Limited
6.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (77)
10 - Rowan Steels Limited
77 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)
- Rowan Steels Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £477.6k, this is more efficient (£147.1k)
- Rowan Steels Limited
£147.1k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (62 days)
- Rowan Steels Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (50 days)
- Rowan Steels Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 97 days, this is more than average (71 days)
- Rowan Steels Limited
71 days - Industry AVG
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
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
Rowan Steels Limited Competitor Analysis
Perform a competitor analysis for rowan steels limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Rowan Steels Limited currently has 2 directors. The longest serving directors include Mr Andrew Sorrell (Jul 1997) and Mr Ronald Lees (Mar 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Sorrell | United Kingdom | 52 years | Jul 1997 | - | Director |
Mr Ronald Lees | United Kingdom | 54 years | Mar 2023 | - | Director |
ROWAN STEELS LIMITED financials
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 House, Pomanda Estimates
Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 10 | 10 | 9 | 9 | 9 | 9 | 9 | 8 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 120,557 | 33,132 | 19,142 | 21,269 | 23,632 | 32,161 | 35,734 | 32,206 | 25,646 | 29,298 | 24,381 | 27,059 | 31,624 | 37,214 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 120,557 | 33,132 | 19,142 | 21,269 | 23,632 | 32,161 | 35,734 | 32,206 | 25,646 | 29,298 | 24,381 | 27,059 | 31,624 | 37,214 |
Stock & work in progress | 898,963 | 1,003,032 | 963,222 | 688,396 | 581,997 | 470,129 | 348,143 | 143,133 | 140,564 | 125,458 | 245,354 | 229,179 | 266,368 | 124,744 |
Trade Debtors | 1,228,265 | 1,143,131 | 620,448 | 558,537 | 615,413 | 559,066 | 512,478 | 376,128 | 454,874 | 520,622 | 734,782 | 728,397 | 732,443 | 545,898 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 82,273 | 81,197 | 86,002 | 0 | 108,203 | 95,045 | 9,825 | 17,682 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 109,362 | 20,210 | 520 | 10,397 | 355 | 11,559 | 9,097 | 4,845 | 17,170 | 28,859 | 21,559 | 2 | 2 | 2 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,318,863 | 2,247,570 | 1,670,192 | 1,257,330 | 1,305,968 | 1,135,799 | 879,543 | 541,788 | 612,608 | 674,939 | 1,001,695 | 957,578 | 998,813 | 670,644 |
total assets | 2,439,420 | 2,280,702 | 1,689,334 | 1,278,599 | 1,329,600 | 1,167,960 | 915,277 | 573,994 | 638,254 | 704,237 | 1,026,076 | 984,637 | 1,030,437 | 707,858 |
Bank overdraft | 33,337 | 33,337 | 73,248 | 0 | 49,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,132,590 | 914,242 | 776,939 | 1,197,477 | 581,050 | 669,175 | 534,940 | 292,093 | 537,343 | 616,418 | 865,251 | 800,205 | 859,143 | 555,238 |
Group/Directors Accounts | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 939,996 | 1,073,826 | 584,981 | 0 | 600,335 | 344,200 | 269,059 | 175,832 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 2,105,923 | 2,021,405 | 1,435,168 | 1,197,477 | 1,231,356 | 1,013,375 | 803,999 | 467,925 | 537,343 | 616,418 | 865,251 | 800,205 | 859,143 | 555,238 |
loans | 66,659 | 99,996 | 173,886 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
provisions | 22,640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 89,299 | 99,996 | 173,886 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 2,195,222 | 2,121,401 | 1,609,054 | 1,197,477 | 1,231,356 | 1,013,375 | 803,999 | 467,925 | 537,343 | 616,418 | 865,251 | 800,205 | 859,143 | 555,238 |
net assets | 244,198 | 159,301 | 80,280 | 81,122 | 98,244 | 154,585 | 111,278 | 106,069 | 100,911 | 87,819 | 160,825 | 184,432 | 171,294 | 152,620 |
total shareholders funds | 244,198 | 159,301 | 80,280 | 81,122 | 98,244 | 154,585 | 111,278 | 106,069 | 100,911 | 87,819 | 160,825 | 184,432 | 171,294 | 152,620 |
Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 12,696 | 3,837 | 2,127 | 2,363 | 3,216 | 3,573 | 3,220 | 3,456 | 3,652 | 1,395 | 3,877 | 4,565 | 5,590 | 3,759 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -104,069 | 39,810 | 274,826 | 106,399 | 111,868 | 121,986 | 205,010 | 2,569 | 15,106 | -119,896 | 16,175 | -37,189 | 141,624 | 124,744 |
Debtors | 86,210 | 517,878 | 147,913 | -165,079 | 69,505 | 131,808 | 128,493 | -61,064 | -65,748 | -214,160 | 6,385 | -4,046 | 186,545 | 545,898 |
Creditors | 218,348 | 137,303 | -420,538 | 616,427 | -88,125 | 134,235 | 242,847 | -245,250 | -79,075 | -248,833 | 65,046 | -58,938 | 303,905 | 555,238 |
Accruals and Deferred Income | -133,830 | 488,845 | 584,981 | -600,335 | 256,135 | 75,141 | 93,227 | 175,832 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 22,640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 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 |
Long term loans | -33,337 | -73,890 | 173,886 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 89,152 | 19,690 | -9,877 | 10,042 | -11,204 | 2,462 | 4,252 | -12,325 | -11,689 | 7,300 | 21,557 | 0 | 0 | 2 |
overdraft | 0 | -39,911 | 73,248 | -49,971 | 49,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 89,152 | 59,601 | -83,125 | 60,013 | -61,175 | 2,462 | 4,252 | -12,325 | -11,689 | 7,300 | 21,557 | 0 | 0 | 2 |
P&L
January 2023turnover
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 2023net 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
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.
rowan steels limited Companies House Filings - See Documents
date | description | view/download |
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