vettertec ltd

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vettertec ltd Company Information

Share VETTERTEC LTD

Company Number

01602355

Shareholders

vettertec gmbh

Group Structure

View All

Industry

Manufacture of other special-purpose machinery n.e.c.

 

Registered Address

riverbridge house, guildford road, leatherhead, KT22 9AD

vettertec ltd Estimated Valuation

£363.1k

Pomanda estimates the enterprise value of VETTERTEC LTD at £363.1k based on a Turnover of £643.5k and 0.56x industry multiple (adjusted for size and gross margin).

vettertec ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of VETTERTEC LTD at £0 based on an EBITDA of £-73.6k and a 4.2x industry multiple (adjusted for size and gross margin).

vettertec ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of VETTERTEC LTD at £0 based on Net Assets of £-504.1k and 2.21x industry multiple (adjusted for liquidity).

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Vettertec Ltd Overview

Vettertec Ltd is a live company located in leatherhead, KT22 9AD with a Companies House number of 01602355. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in December 1981, it's largest shareholder is vettertec gmbh with a 100% stake. Vettertec Ltd is a mature, small sized company, Pomanda has estimated its turnover at £643.5k with declining growth in recent years.

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Vettertec Ltd Health Check

Pomanda's financial health check has awarded Vettertec Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £643.5k, make it smaller than the average company (£12.5m)

£643.5k - Vettertec Ltd

£12.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (5.3%)

-36% - Vettertec Ltd

5.3% - Industry AVG

production

Production

with a gross margin of 30.7%, this company has a comparable cost of product (30.7%)

30.7% - Vettertec Ltd

30.7% - Industry AVG

profitability

Profitability

an operating margin of -12.6% make it less profitable than the average company (6.1%)

-12.6% - Vettertec Ltd

6.1% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (67)

5 - Vettertec Ltd

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)

£51.9k - Vettertec Ltd

£51.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £128.7k, this is less efficient (£187.7k)

£128.7k - Vettertec Ltd

£187.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 30 days, this is earlier than average (58 days)

30 days - Vettertec Ltd

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 99 days, this is slower than average (42 days)

99 days - Vettertec Ltd

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Vettertec Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (13 weeks)

2 weeks - Vettertec Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 307.4%, this is a higher level of debt than the average (48.5%)

307.4% - Vettertec Ltd

48.5% - Industry AVG

VETTERTEC LTD financials

EXPORTms excel logo

Vettertec Ltd's latest turnover from December 2023 is estimated at £643.5 thousand and the company has net assets of -£504.1 thousand. According to their latest financial statements, Vettertec Ltd has 5 employees and maintains cash reserves of £30.5 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
Turnover643,538813,355975,1372,417,0231,738,9811,557,1804,091,1392,251,1973,690,5474,319,6254,314,6443,452,8514,798,3611,591,3361,711,458
Other Income Or Grants
Cost Of Sales446,025233,179243,2731,273,2471,113,9951,301,2103,382,5581,508,8332,582,5803,213,6643,318,4892,566,9513,907,365987,9041,088,719
Gross Profit197,513580,176731,8641,143,776624,986255,970708,581742,3641,107,9671,105,961996,155885,900890,996603,432622,739
Admin Expenses278,870598,182728,167901,027976,152821,210948,234789,747774,912777,354652,310625,841654,231675,581764,854
Operating Profit-81,357-18,0063,697242,749-351,166-565,240-239,653-47,383333,055328,607343,845260,059236,765-72,149-142,115
Interest Payable33,7504,70418,00018,00020,14223,37228,47139,10743,80445,74749,92064,958
Interest Receivable4,352429872262,175
Pre-Tax Profit-110,755-22,710-3,622229,774-383,235-583,240-257,653-67,525309,725300,234304,810216,281193,193636,473-207,073
Tax8,973-82,112-52,731-53,222-576
Profit After Tax-110,755-22,710-3,622229,774-383,235-583,240-257,653-58,552227,613247,503251,588215,705193,193636,473-207,073
Dividends Paid
Retained Profit-110,755-22,710-3,622229,774-383,235-583,240-257,653-58,552227,613247,503251,588215,705193,193636,473-207,073
Employee Costs259,494397,739397,972495,106634,774494,754623,996491,239509,329506,242473,580443,569462,490420,307431,016
Number Of Employees5556109988877798
EBITDA*-73,616-5,95617,234245,431-338,484-553,731-228,767-38,657341,730338,712350,541264,556239,821-68,956-138,461

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,62710,02118,47012,46721,00930,74834,18342,52414,70223,37726,2119,5004,9102,2654,468
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets7,62710,02118,47012,46721,00930,74834,18342,52414,70223,37726,2119,5004,9102,2654,468
Stock & work in progress13,38318,01132,58236,61530,65628,7277,0257,72217,02716,69952,070
Trade Debtors53,34355,808141,44949,046176,6201,068,5651,711,0981,118,4491,443,144562,193938,5631,373,8741,130,868318,028857,959
Group Debtors99,74180,274110,040445,143190,901175,50724,81856,509304,1752,080
Misc Debtors51,77629,91754,36185,608369,769138,12869,413188,96187,018542,656186,380127,363130,501169,357639,094
Cash30,509135,26857,999264,641303,109259,599239,143186,16419,766406,3841,365,296229,123186,758356,66552,792
misc current assets
total current assets235,369301,267363,849844,4381,053,7821,659,8102,077,0541,586,6981,580,5841,844,1352,497,2641,738,0821,465,154862,8291,601,915
total assets242,996311,288382,319856,9051,074,7911,690,5582,111,2371,629,2221,595,2861,867,5122,523,4751,747,5821,470,064865,0941,606,383
Bank overdraft
Bank loan
Trade Creditors 121,48372,18385,380226,620452,865414,777812,285122,020290,152297,663361,632642,407326,462103,248140,515
Group/Directors Accounts224,800219,927193,988570,719612,810573,902564,5728,234181,263204,479245,043343,732421,141520,1561,732,155
other short term finances300,000300,000588,000570,000552,000534,000516,000498,000480,000462,000
hp & lease commitments
other current liabilities100,774112,484473,547426,540911,864633,392100,653625,588209,939697,0511,313,984128,215322,93853,360199,856
total current liabilities747,057704,594752,9151,223,8791,977,5392,210,0712,047,5101,307,8421,215,3541,715,1932,418,6591,594,3541,532,541676,7642,072,526
loans200,000500,000500,000944,000926,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities200,000500,000500,000944,000926,000
total liabilities747,057704,594752,9151,223,8791,977,5392,210,0712,047,5101,307,8421,215,3541,715,1932,618,6592,094,3542,032,5411,620,7642,998,526
net assets-504,061-393,306-370,596-366,974-902,748-519,51363,727321,380379,932152,319-95,184-346,772-562,477-755,670-1,392,143
total shareholders funds-504,061-393,306-370,596-366,974-902,748-519,51363,727321,380379,932152,319-95,184-346,772-562,477-755,670-1,392,143
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-81,357-18,0063,697242,749-351,166-565,240-239,653-47,383333,055328,607343,845260,059236,765-72,149-142,115
Depreciation7,74112,05013,5372,68212,68211,50910,8868,7268,67510,1056,6964,4973,0563,1933,654
Amortisation
Tax8,973-82,112-52,731-53,222-576
Stock-13,383-4,628-14,571-4,0335,9591,92921,702-697-9,305328-35,37152,070
Debtors38,861-139,851-273,947-157,493-644,910-423,129441,410-166,243121,138284,081-376,294239,868771,904-1,007,5881,497,053
Creditors49,300-13,197-141,240-226,24538,088-397,508690,265-168,132-7,511-63,969-280,775315,945223,214-37,267140,515
Accruals and Deferred Income-11,710-361,06347,007-485,324278,472532,739-524,935415,649-487,112-616,9331,185,769-194,723269,578-146,496199,856
Deferred Taxes & Provisions
Cash flow from operations-74,887-240,365196,948-295,262627,61419,200-500,814378,117-358,072-700,7041,579,304154,639-39,619790,240-1,347,213
Investing Activities
capital expenditure-5,347-3,601-19,5405,860-2,943-8,074-2,545-36,548-7,271-23,407-9,087-5,701-990-8,122
Change in Investments
cash flow from investments-5,347-3,601-19,5405,860-2,943-8,074-2,545-36,548-7,271-23,407-9,087-5,701-990-8,122
Financing Activities
Bank loans
Group/Directors Accounts4,87325,939-376,731-42,09138,9089,330556,338-173,029-23,216-40,564-98,689-77,409-99,015-1,211,9991,732,155
Other Short Term Loans 300,000-588,00018,00018,00018,00018,00018,00018,00018,000462,000
Long term loans-200,000-300,000-444,00018,000926,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue306,000-1,185,070
interest-29,398-4,704-18,000-18,000-20,142-23,330-28,373-39,035-43,778-43,572-49,920-64,958
cash flow from financing-24,525321,235-376,731263,909-549,0929,330556,338-175,171-28,546-250,937-419,724-103,187-124,587-1,243,9191,408,127
cash and cash equivalents
cash-104,75977,269-206,642-38,46843,51020,45652,979166,398-386,618-958,9121,136,17342,365-169,907303,87352,792
overdraft
change in cash-104,75977,269-206,642-38,46843,51020,45652,979166,398-386,618-958,9121,136,17342,365-169,907303,87352,792

vettertec ltd 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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Vettertec Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for vettertec ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in KT22 area or any other competitors across 12 key performance metrics.

vettertec ltd Ownership

VETTERTEC LTD group structure

Vettertec Ltd has no subsidiary companies.

Ultimate parent company

VETTERTEC GMBH

#0130901

1 parent

VETTERTEC LTD

01602355

VETTERTEC LTD Shareholders

vettertec gmbh 100%

vettertec ltd directors

Vettertec Ltd currently has 2 directors. The longest serving directors include Mr Paul Kennet (Jun 2001) and Mr Thomas Holst (Nov 2010).

officercountryagestartendrole
Mr Paul Kennet68 years Jun 2001- Director
Mr Thomas HolstGermany60 years Nov 2010- Director

P&L

December 2023

turnover

643.5k

-21%

operating profit

-81.4k

0%

gross margin

30.7%

-56.97%

turnover

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

Balance Sheet

December 2023

net assets

-504.1k

+0.28%

total assets

243k

-0.22%

cash

30.5k

-0.77%

net assets

Total assets minus all liabilities

vettertec ltd company details

company number

01602355

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

December 1981

age

44

incorporated

UK

ultimate parent company

VETTERTEC GMBH

accounts

Small Company

last accounts submitted

December 2023

previous names

anhydro uk ltd (August 2010)

drytec limited (January 2007)

accountant

ROUSE AUDIT LLP

auditor

-

address

riverbridge house, guildford road, leatherhead, KT22 9AD

Bank

-

Legal Advisor

-

vettertec ltd 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 6 charges/mortgages relating to vettertec ltd. Currently there are 0 open charges and 6 have been satisfied in the past.

vettertec ltd 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.

Click to start generating capital raising & share issue transactions for VETTERTEC LTD. This can take several minutes, an email will notify you when this has completed.

vettertec ltd Companies House Filings - See Documents

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