adtech polymer engineering limited
adtech polymer engineering limited Company Information
Company Number
01664951
Website
www.adtech.co.ukRegistered Address
unit 40, aston down east, frampton mansell, stroud glos,, GL6 8HX
Industry
Manufacture of plastic plates, sheets, tubes and profiles
Telephone
01285762000
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
adtech holdings limited 100%
adtech polymer engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ADTECH POLYMER ENGINEERING LIMITED at £1.9m based on a Turnover of £4.6m and 0.41x industry multiple (adjusted for size and gross margin).
adtech polymer engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ADTECH POLYMER ENGINEERING LIMITED at £3.8m based on an EBITDA of £1.2m and a 3.26x industry multiple (adjusted for size and gross margin).
adtech polymer engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ADTECH POLYMER ENGINEERING LIMITED at £4.8m based on Net Assets of £2.6m and 1.84x industry multiple (adjusted for liquidity).
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Adtech Polymer Engineering Limited Overview
Adtech Polymer Engineering Limited is a live company located in frampton mansell, GL6 8HX with a Companies House number of 01664951. It operates in the manufacture of plastic plates, sheets, tubes and profiles sector, SIC Code 22210. Founded in September 1982, it's largest shareholder is adtech holdings limited with a 100% stake. Adtech Polymer Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with high growth in recent years.
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Adtech Polymer Engineering Limited Health Check
Pomanda's financial health check has awarded Adtech Polymer Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£17.6m)
- Adtech Polymer Engineering Limited
£17.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.7%)
- Adtech Polymer Engineering Limited
7.7% - Industry AVG
Production
with a gross margin of 17.9%, this company has a higher cost of product (27.8%)
- Adtech Polymer Engineering Limited
27.8% - Industry AVG
Profitability
an operating margin of 25% make it more profitable than the average company (7.1%)
- Adtech Polymer Engineering Limited
7.1% - Industry AVG
Employees
with 26 employees, this is below the industry average (73)
26 - Adtech Polymer Engineering Limited
73 - Industry AVG
Pay Structure
on an average salary of £41.4k, the company has an equivalent pay structure (£41.4k)
- Adtech Polymer Engineering Limited
£41.4k - Industry AVG
Efficiency
resulting in sales per employee of £176.7k, this is less efficient (£246.1k)
- Adtech Polymer Engineering Limited
£246.1k - Industry AVG
Debtor Days
it gets paid by customers after 107 days, this is later than average (52 days)
- Adtech Polymer Engineering Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (46 days)
- Adtech Polymer Engineering Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 86 days, this is in line with average (84 days)
- Adtech Polymer Engineering Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (8 weeks)
47 weeks - Adtech Polymer Engineering Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.4%, this is a lower level of debt than the average (41.2%)
23.4% - Adtech Polymer Engineering Limited
41.2% - Industry AVG
adtech polymer engineering limited Credit Report and Business Information
Adtech Polymer Engineering Limited Competitor Analysis
Perform a competitor analysis for adtech polymer engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
adtech polymer engineering limited Ownership
ADTECH POLYMER ENGINEERING LIMITED group structure
Adtech Polymer Engineering Limited has no subsidiary companies.
Ultimate parent company
2 parents
ADTECH POLYMER ENGINEERING LIMITED
01664951
adtech polymer engineering limited directors
Adtech Polymer Engineering Limited currently has 4 directors. The longest serving directors include Ms Samantha Deverell (Apr 2015) and Mr Arthur Scott (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Samantha Deverell | England | 51 years | Apr 2015 | - | Director |
| Mr Arthur Scott | 40 years | Mar 2017 | - | Director | |
| Mr Arthur Scott | England | 40 years | Mar 2017 | - | Director |
| Mr David Hart | 71 years | Mar 2017 | - | Director |
ADTECH POLYMER ENGINEERING LIMITED financials
Adtech Polymer Engineering Limited's latest turnover from October 2023 is estimated at £4.6 million and the company has net assets of £2.6 million. According to their latest financial statements, Adtech Polymer Engineering Limited has 26 employees and maintains cash reserves of £724.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 26 | 23 | 21 | 23 | 23 | 19 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 421,392 | 369,054 | 375,666 | 365,128 | 359,664 | 355,487 | 353,159 | 360,252 | 302,467 | 311,871 | 325,736 | 270,306 | 295,321 | 283,044 | 301,315 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,630 | 3,261 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 421,392 | 369,054 | 375,666 | 365,128 | 359,664 | 355,487 | 353,159 | 360,252 | 302,467 | 311,871 | 325,736 | 270,306 | 295,321 | 284,674 | 304,576 |
| Stock & work in progress | 891,730 | 875,201 | 692,258 | 612,579 | 610,023 | 571,156 | 451,755 | 411,503 | 430,373 | 470,492 | 564,150 | 619,572 | 830,189 | 416,042 | 469,480 |
| Trade Debtors | 1,349,365 | 592,790 | 604,363 | 425,643 | 419,829 | 520,059 | 478,027 | 855,566 | 424,380 | 439,552 | 455,649 | 464,588 | 482,170 | 329,781 | 290,187 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,508 |
| Cash | 724,387 | 717,740 | 424,676 | 415,017 | 573,571 | 380,521 | 682,101 | 3,044,188 | 2,782,272 | 2,437,227 | 1,901,639 | 1,383,524 | 926,872 | 948,851 | 624,836 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,965,482 | 2,185,731 | 1,721,297 | 1,453,239 | 1,603,423 | 1,471,736 | 1,611,883 | 4,311,257 | 3,637,025 | 3,347,271 | 2,921,438 | 2,467,684 | 2,239,231 | 1,694,674 | 1,386,011 |
| total assets | 3,386,874 | 2,554,785 | 2,096,963 | 1,818,367 | 1,963,087 | 1,827,223 | 1,965,042 | 4,671,509 | 3,939,492 | 3,659,142 | 3,247,174 | 2,737,990 | 2,534,552 | 1,979,348 | 1,690,587 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 792,594 | 849,371 | 656,998 | 380,396 | 388,008 | 437,364 | 449,971 | 491,240 | 338,879 | 450,864 | 660,587 | 371,165 | 517,803 | 319,344 | 212,673 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 156,374 | 32,307 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 792,594 | 849,371 | 656,998 | 380,396 | 388,008 | 437,364 | 449,971 | 491,240 | 338,879 | 450,864 | 660,587 | 371,165 | 674,177 | 351,651 | 212,673 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 792,594 | 849,371 | 656,998 | 380,396 | 388,008 | 437,364 | 449,971 | 491,240 | 338,879 | 450,864 | 660,587 | 371,165 | 674,177 | 351,651 | 212,673 |
| net assets | 2,594,280 | 1,705,414 | 1,439,965 | 1,437,971 | 1,575,079 | 1,389,859 | 1,515,071 | 4,180,269 | 3,600,613 | 3,208,278 | 2,586,587 | 2,366,825 | 1,860,375 | 1,627,697 | 1,477,914 |
| total shareholders funds | 2,594,280 | 1,705,414 | 1,439,965 | 1,437,971 | 1,575,079 | 1,389,859 | 1,515,071 | 4,180,269 | 3,600,613 | 3,208,278 | 2,586,587 | 2,366,825 | 1,860,375 | 1,627,697 | 1,477,914 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 27,264 | 17,072 | 14,981 | 11,716 | 9,678 | 10,917 | 5,746 | 14,786 | 20,228 | 13,865 | 27,010 | 30,828 | 36,088 | 29,025 | 26,970 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,630 | 1,631 | 28,271 |
| Tax | |||||||||||||||
| Stock | 16,529 | 182,943 | 79,679 | 2,556 | 38,867 | 119,401 | 40,252 | -18,870 | -40,119 | -93,658 | -55,422 | -210,617 | 414,147 | -53,438 | 469,480 |
| Debtors | 756,575 | -11,573 | 178,720 | 5,814 | -100,230 | 42,032 | -377,539 | 431,186 | -15,172 | -16,097 | -8,939 | -17,582 | 152,389 | 38,086 | 291,695 |
| Creditors | -56,777 | 192,373 | 276,602 | -7,612 | -49,356 | -12,607 | -41,269 | 152,361 | -111,985 | -209,723 | 289,422 | -146,638 | 198,459 | 106,671 | 212,673 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 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 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | -156,374 | 124,067 | 32,307 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 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 | 0 |
| other long term liabilities | 0 | 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 | 6,647 | 293,064 | 9,659 | -158,554 | 193,050 | -301,580 | -2,362,087 | 261,916 | 345,045 | 535,588 | 518,115 | 456,652 | -21,979 | 324,015 | 624,836 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,647 | 293,064 | 9,659 | -158,554 | 193,050 | -301,580 | -2,362,087 | 261,916 | 345,045 | 535,588 | 518,115 | 456,652 | -21,979 | 324,015 | 624,836 |
P&L
October 2023turnover
4.6m
+41%
operating profit
1.1m
0%
gross margin
18%
+2.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
2.6m
+0.52%
total assets
3.4m
+0.33%
cash
724.4k
+0.01%
net assets
Total assets minus all liabilities
adtech polymer engineering limited company details
company number
01664951
Type
Private limited with Share Capital
industry
22210 - Manufacture of plastic plates, sheets, tubes and profiles
incorporation date
September 1982
age
42
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 40, aston down east, frampton mansell, stroud glos,, GL6 8HX
last accounts submitted
October 2023
adtech polymer engineering 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 4 charges/mortgages relating to adtech polymer engineering limited. Currently there are 0 open charges and 4 have been satisfied in the past.
adtech polymer engineering limited Companies House Filings - See Documents
| date | description | view/download |
|---|
