Pomanda estimates the enterprise value of VEKA PLC at £85.4m based on a Turnover of £89.2m and 0.96x industry multiple (adjusted for size and gross margin).
veka plcEstimated Valuation
£86.1m
Pomanda estimates the enterprise value of VEKA PLC at £86.1m based on an EBITDA of £12.1m and a 7.12x industry multiple (adjusted for size and gross margin).
veka plcEstimated Valuation
£47.8m
Pomanda estimates the enterprise value of VEKA PLC at £47.8m based on Net Assets of £28.4m and 1.68x industry multiple (adjusted for liquidity).
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Veka PlcOverview
Veka Plc is a live company located in burnley, BB11 5DA with a Companies House number of 01626563. It operates in the manufacture of plastic plates, sheets, tubes and profiles sector, SIC Code 22210. Founded in April 1982, it's largest shareholder is
veka a.g.
with a 100% stake. Veka Plc is a mature,
large sized company, Pomanda has estimated its turnover at
£89.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Veka Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
5 Regular
0 Weak
Size
annual sales of £89.2m, make it larger than the average company (£17.5m)
£89.2m - Veka Plc
£17.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.1%)
15% - Veka Plc
8.1% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (27.9%)
25.2% - Veka Plc
27.9% - Industry AVG
Profitability
an operating margin of 10% make it more profitable than the average company (8.2%)
10% - Veka Plc
8.2% - Industry AVG
Employees
with 417 employees, this is above the industry average (72)
417 - Veka Plc
72 - Industry AVG
Pay Structure
on an average salary of £43.1k, the company has an equivalent pay structure (£44.5k)
£43.1k - Veka Plc
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £213.8k, this is equally as efficient (£246.6k)
£213.8k - Veka Plc
£246.6k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (50 days)
35 days - Veka Plc
50 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (41 days)
41 days - Veka Plc
41 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is less than average (79 days)
52 days - Veka Plc
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 24 weeks, this is more cash available to meet short term requirements (13 weeks)
24 weeks - Veka Plc
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.3%, this is a similar level of debt than the average (36.3%)
33.3% - Veka Plc
36.3% - Industry AVG
VEKA PLC financials
EXPORT
Veka Plc's latest turnover from December 2023 is £89.2 million and the company has net assets of £28.4 million. According to their latest financial statements, Veka Plc has 417 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
89,156,000
97,724,000
83,000,000
58,316,000
66,366,000
69,019,000
67,588,000
68,932,000
74,756,000
78,960,000
76,988,000
73,478,000
28,913,000
27,994,000
26,215,000
Other Income Or Grants
Cost Of Sales
66,670,000
76,321,000
66,003,000
44,532,000
52,787,000
55,469,000
53,910,000
52,382,000
57,370,000
63,702,000
64,203,000
66,766,000
24,964,000
24,016,000
21,962,000
Gross Profit
22,486,000
21,403,000
16,997,000
13,784,000
13,579,000
13,550,000
13,678,000
16,550,000
17,386,000
15,258,000
12,785,000
6,712,000
3,949,000
3,978,000
4,253,000
Admin Expenses
13,550,000
12,523,000
10,826,000
10,029,000
10,075,000
10,686,000
10,928,000
11,772,000
14,916,000
14,051,000
14,363,000
17,123,000
5,522,000
5,380,000
5,272,000
Operating Profit
8,936,000
8,880,000
6,171,000
3,755,000
3,504,000
2,864,000
2,750,000
4,778,000
2,470,000
1,207,000
-1,578,000
-10,411,000
-1,573,000
-1,402,000
-1,019,000
Interest Payable
109,000
133,000
258,000
412,000
537,000
531,000
591,000
817,000
1,148,000
1,609,000
1,554,000
1,553,000
831,000
789,000
790,000
Interest Receivable
149,000
39,000
45,000
35,000
71,000
28,000
164,000
187,000
Pre-Tax Profit
8,976,000
8,786,000
5,958,000
3,378,000
3,034,000
2,333,000
2,230,000
3,989,000
1,486,000
-215,000
-3,240,000
-11,964,000
-2,534,000
-2,062,000
-1,331,000
Tax
-2,199,000
-1,622,000
-800,000
-806,000
-700,000
1,200,000
27,000
14,000
21,000
Profit After Tax
6,777,000
7,164,000
5,158,000
2,572,000
2,334,000
2,333,000
2,230,000
3,989,000
1,486,000
-215,000
-2,040,000
-11,964,000
-2,507,000
-2,048,000
-1,310,000
Dividends Paid
2,700,000
Retained Profit
4,077,000
7,164,000
5,158,000
2,572,000
2,334,000
2,333,000
2,230,000
3,989,000
1,486,000
-215,000
-2,040,000
-11,964,000
-2,507,000
-2,048,000
-1,310,000
Employee Costs
17,962,000
16,038,000
13,333,000
12,807,000
13,739,000
13,258,000
13,064,000
12,593,000
12,554,000
12,951,000
12,177,000
16,133,000
4,889,000
4,423,000
4,369,000
Number Of Employees
417
394
363
365
359
379
371
369
403
401
382
435
160
148
148
EBITDA*
12,096,000
11,703,000
8,977,000
6,666,000
6,547,000
5,907,000
6,677,000
9,537,000
8,040,000
6,666,000
4,021,000
-8,075,000
184,000
647,000
1,343,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
15,564,000
13,519,000
12,766,000
13,757,000
15,285,000
16,271,000
14,965,000
17,462,000
19,166,000
20,931,000
22,376,000
21,512,000
11,067,000
9,912,000
11,193,000
Intangible Assets
655,000
2,229,000
3,802,000
5,375,000
35,000
96,000
157,000
Investments & Other
14,401,000
Debtors (Due After 1 year)
194,000
Total Fixed Assets
15,564,000
13,519,000
12,766,000
13,757,000
15,285,000
16,271,000
14,965,000
17,462,000
19,821,000
23,354,000
26,178,000
26,887,000
25,503,000
10,008,000
11,350,000
Stock & work in progress
9,511,000
9,736,000
9,581,000
8,212,000
8,518,000
8,852,000
8,433,000
7,543,000
8,148,000
10,044,000
9,985,000
10,835,000
8,326,000
4,044,000
4,638,000
Trade Debtors
8,601,000
7,689,000
6,604,000
6,018,000
7,238,000
9,481,000
8,671,000
8,519,000
7,670,000
9,732,000
10,982,000
10,151,000
5,501,000
5,402,000
5,025,000
Group Debtors
77,000
1,250,000
6,000
47,000
1,426,000
1,000
1,704,000
1,167,000
451,000
3,000
Misc Debtors
2,709,000
1,502,000
1,706,000
1,224,000
2,878,000
2,163,000
2,102,000
2,081,000
2,003,000
2,137,000
2,154,000
1,408,000
1,754,000
530,000
655,000
Cash
6,136,000
6,887,000
5,168,000
4,347,000
205,000
173,000
600,000
725,000
236,000
388,000
852,000
987,000
658,000
1,802,000
818,000
misc current assets
total current assets
27,034,000
27,064,000
23,059,000
19,801,000
18,845,000
20,716,000
19,806,000
18,868,000
19,483,000
22,302,000
25,677,000
24,548,000
16,690,000
11,781,000
11,136,000
total assets
42,598,000
40,583,000
35,825,000
33,558,000
34,130,000
36,987,000
34,771,000
36,330,000
39,304,000
45,656,000
51,855,000
51,435,000
42,193,000
21,789,000
22,486,000
Bank overdraft
1,503,000
5,471,000
6,420,000
5,880,000
7,592,000
3,604,000
3,640,000
Bank loan
1,375,000
4,162,000
4,150,000
9,231,000
3,175,000
365,000
537,000
528,000
Trade Creditors
7,493,000
11,567,000
12,532,000
8,912,000
6,700,000
8,129,000
7,351,000
6,662,000
9,505,000
9,075,000
10,585,000
10,371,000
3,833,000
2,769,000
2,956,000
Group/Directors Accounts
1,667,000
905,000
2,898,000
3,490,000
3,299,000
3,249,000
2,824,000
3,211,000
3,330,000
5,713,000
4,322,000
4,030,000
4,551,000
7,047,000
4,141,000
other short term finances
43,000
hp & lease commitments
7,000
19,000
42,000
39,000
other current liabilities
3,895,000
3,175,000
2,235,000
4,959,000
2,641,000
2,974,000
2,790,000
3,680,000
3,416,000
3,113,000
2,891,000
3,193,000
532,000
848,000
535,000
total current liabilities
13,055,000
15,647,000
17,665,000
18,864,000
19,486,000
20,772,000
18,845,000
21,145,000
24,017,000
25,691,000
27,029,000
20,776,000
9,300,000
11,243,000
8,242,000
loans
2,500,000
5,000,000
8,875,000
10,870,000
12,272,000
16,426,000
22,590,000
26,742,000
30,884,000
19,263,000
9,363,000
10,969,000
hp & lease commitments
8,000
54,000
98,000
Accruals and Deferred Income
other liabilities
provisions
1,137,000
607,000
995,000
187,000
209,000
239,000
288,000
375,000
312,000
312,000
807,000
458,000
total long term liabilities
1,137,000
607,000
995,000
2,687,000
5,209,000
9,114,000
11,158,000
12,647,000
16,738,000
22,902,000
27,549,000
31,342,000
19,271,000
9,417,000
11,067,000
total liabilities
14,192,000
16,254,000
18,660,000
21,551,000
24,695,000
29,886,000
30,003,000
33,792,000
40,755,000
48,593,000
54,578,000
52,118,000
28,571,000
20,660,000
19,309,000
net assets
28,406,000
24,329,000
17,165,000
12,007,000
9,435,000
7,101,000
4,768,000
2,538,000
-1,451,000
-2,937,000
-2,723,000
-683,000
13,622,000
1,129,000
3,177,000
total shareholders funds
28,406,000
24,329,000
17,165,000
12,007,000
9,435,000
7,101,000
4,768,000
2,538,000
-1,451,000
-2,937,000
-2,723,000
-683,000
13,622,000
1,129,000
3,177,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
8,936,000
8,880,000
6,171,000
3,755,000
3,504,000
2,864,000
2,750,000
4,778,000
2,470,000
1,207,000
-1,578,000
-10,411,000
-1,573,000
-1,402,000
-1,019,000
Depreciation
3,160,000
2,823,000
2,806,000
2,911,000
3,043,000
3,043,000
3,927,000
4,104,000
3,996,000
3,886,000
4,026,000
2,301,000
1,696,000
1,988,000
2,301,000
Amortisation
655,000
1,574,000
1,573,000
1,573,000
35,000
61,000
61,000
61,000
Tax
-2,199,000
-1,622,000
-800,000
-806,000
-700,000
1,200,000
27,000
14,000
21,000
Stock
-225,000
155,000
1,369,000
-306,000
-334,000
419,000
890,000
-605,000
-1,896,000
59,000
-850,000
2,509,000
4,282,000
-594,000
4,638,000
Debtors
946,000
2,131,000
1,068,000
-2,880,000
-1,569,000
918,000
173,000
-499,000
-965,000
-2,776,000
2,114,000
5,020,000
1,771,000
255,000
5,680,000
Creditors
-4,074,000
-965,000
3,620,000
2,212,000
-1,429,000
778,000
689,000
-2,843,000
430,000
-1,510,000
214,000
6,538,000
1,064,000
-187,000
2,956,000
Accruals and Deferred Income
720,000
940,000
-2,724,000
2,318,000
-333,000
184,000
-890,000
264,000
303,000
222,000
-302,000
2,661,000
-316,000
313,000
535,000
Deferred Taxes & Provisions
530,000
-388,000
808,000
-22,000
-30,000
-49,000
-87,000
63,000
-495,000
349,000
458,000
Cash flow from operations
6,352,000
7,382,000
7,444,000
13,554,000
5,958,000
5,483,000
5,326,000
8,125,000
11,634,000
7,600,000
4,218,000
-5,947,000
-5,094,000
1,126,000
-5,463,000
Investing Activities
capital expenditure
-1,982,000
-4,349,000
-1,430,000
-2,400,000
-2,366,000
-2,317,000
-4,848,000
-9,926,000
-2,851,000
-707,000
-13,712,000
Change in Investments
-14,401,000
14,401,000
cash flow from investments
-1,982,000
-4,349,000
-1,430,000
-2,400,000
-2,366,000
-2,317,000
-4,848,000
4,475,000
-17,252,000
-707,000
-13,712,000
Financing Activities
Bank loans
-1,375,000
1,375,000
-4,162,000
12,000
-5,081,000
6,056,000
2,810,000
-172,000
9,000
528,000
Group/Directors Accounts
762,000
-1,993,000
-592,000
191,000
50,000
425,000
-387,000
-119,000
-2,383,000
1,391,000
292,000
-521,000
-2,496,000
2,906,000
4,141,000
Other Short Term Loans
-43,000
43,000
Long term loans
-2,500,000
-2,500,000
-3,875,000
-1,995,000
-1,402,000
-4,154,000
-6,164,000
-4,152,000
-4,142,000
11,621,000
9,900,000
-1,606,000
10,969,000
Hire Purchase and Lease Commitments
-7,000
-20,000
-69,000
-41,000
137,000
other long term liabilities
share issue
1,000
-2,341,000
15,000,000
4,487,000
interest
40,000
-94,000
-213,000
-377,000
-537,000
-531,000
-520,000
-789,000
-984,000
-1,422,000
-1,554,000
-1,553,000
-831,000
-789,000
-790,000
cash flow from financing
802,000
-2,087,000
-3,305,000
-4,061,000
-2,987,000
-2,101,000
-2,309,000
-9,224,000
-9,519,000
-9,263,000
645,000
9,996,000
21,332,000
436,000
19,515,000
cash and cash equivalents
cash
-751,000
1,719,000
821,000
4,142,000
32,000
-427,000
-125,000
489,000
-152,000
-464,000
-135,000
329,000
-1,144,000
984,000
818,000
overdraft
-1,503,000
-3,968,000
-949,000
540,000
-1,712,000
3,988,000
-36,000
3,640,000
change in cash
-751,000
1,719,000
2,324,000
8,110,000
981,000
-967,000
1,587,000
-3,499,000
-116,000
-4,104,000
-135,000
329,000
-1,144,000
984,000
818,000
veka plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for veka plc. Get real-time insights into veka plc's credit score, group structure and payment trends.
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22210 - Manufacture of plastic plates, sheets, tubes and profiles
incorporation date
April 1982
age
43
incorporated
UK
ultimate parent company
VEKA AG
accounts
Full Accounts
last accounts submitted
December 2023
previous names
vekaplast (u.k.) limited (October 1990)
accountant
-
auditor
RSM UK AUDIT LLP
address
farrington road, rossendale road industrial est, burnley, lancashire, BB11 5DA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BRABNERS LLP
veka plc 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 18 charges/mortgages relating to veka plc. Currently there are 3 open charges and 15 have been satisfied in the past.
veka plc 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 VEKA PLC. This can take several minutes, an email will notify you when this has completed.
