Rees Metals Limited

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rees metals limited Company Information

Live

MatureSmallLow

Company Number

01776396

Website

http://parkhaven.org.uk

Registered Address

pencoed works, saron road, bynea, llanelli, SA14 9LT

Industry

Recovery of sorted materials

Telephone

01554774598

Next Accounts Due

August 2024

Group Structure

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Directors

Sharon Davies30 Years

Leonard Davies8 Years

Shareholders

rees holdings ltd 100%

rees metals limited Estimated Valuation

£905.4k

Pomanda estimates the enterprise value of REES METALS LIMITED at £905.4k based on a Turnover of £1.4m and 0.64x industry multiple (adjusted for size and gross margin).

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Rees Metals Limited is a live company located in bynea, SA14 9LT with a Companies House number of 01776396. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in December 1983, it's largest shareholder is rees holdings ltd with a 100% stake. Rees Metals Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.

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Pomanda's financial health check has awarded Rees Metals Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£15.6m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.6%)

EXPORT

Rees Metals Limited's latest turnover from November 2022 is estimated at £1.4 million and the company has net assets of -£236.6 thousand. According to their latest financial statements, Rees Metals Limited has 4 employees and maintains cash reserves of £35.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,415,740	1,068,071	1,444,176	1,294,855	1,371,998	1,216,374	1,435,093	3,397,399	2,994,081	2,883,003	2,146,936	1,633,378	1,792,174	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,104,792	825,100	1,105,978	1,021,646	1,076,063	945,802	1,131,069	2,765,821	2,438,231	2,384,625	1,769,996	1,295,226	1,355,893	0
Gross Profit	310,949	242,972	338,198	273,209	295,935	270,572	304,024	631,578	555,849	498,378	376,940	338,152	436,280	0
Admin Expenses	299,995	200,230	355,215	342,537	369,296	260,783	345,901	698,604	786,075	369,381	436,771	313,288	387,124	-199,583
Operating Profit	10,954	42,742	-17,017	-69,328	-73,361	9,789	-41,877	-67,026	-230,226	128,997	-59,831	24,864	49,156	199,583
Interest Payable	0	245	245	5,076	10,153	9,780	4,704	0	0	0	0	0	0	0
Interest Receivable	1,408	41	15	48	153	83	1	10	17	7	105	251	246	99
Pre-Tax Profit	12,362	42,538	-17,247	-74,356	-83,361	91	-46,580	-67,016	-230,209	129,004	-59,726	25,115	49,403	199,682
Tax	-2,349	-8,082	0	0	0	-17	0	0	0	-29,671	0	-6,530	-13,833	-55,911
Profit After Tax	10,013	34,456	-17,247	-74,356	-83,361	74	-46,580	-67,016	-230,209	99,333	-59,726	18,585	35,570	143,771
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,013	34,456	-17,247	-74,356	-83,361	74	-46,580	-67,016	-230,209	99,333	-59,726	18,585	35,570	143,771
Employee Costs	142,584	127,440	129,006	128,437	127,299	117,137	113,649	479,959	406,955	318,686	258,641	206,929	318,054	0
Number Of Employees	4	4	4	4	4	4	4	17	14	11	9	7	11	0
EBITDA*	36,089	64,004	3,085	-37,265	-46,309	27,737	-26,297	-51,883	-219,605	143,407	-42,172	36,289	62,373	213,797

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	97,560	79,114	76,784	74,122	92,495	75,171	53,142	54,371	50,014	46,262	57,031	64,359	40,809	51,243
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	200	200	200	200	200	200	200	200	200	200	40,400	40,400	40,400	40,400
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	97,760	79,314	76,984	74,322	92,695	75,371	53,342	54,571	50,214	46,462	97,431	104,759	81,209	91,643
Stock & work in progress	300,000	250,000	260,000	250,000	250,000	275,000	340,000	340,000	340,000	300,000	245,000	260,000	240,000	190,000
Trade Debtors	49,383	62,303	53,164	19,660	21,364	28,220	15,059	15,637	26,031	186,462	23,998	12,928	17,772	12,375
Group Debtors	2,651	14,930	12,527	9,235	7,600	6,389	4,419	0	0	0	0	0	0	0
Misc Debtors	5,006	4,426	4,862	3,215	4,744	4,675	4,721	0	0	0	0	0	0	0
Cash	35,887	57,976	24,648	4,464	8,321	32,372	740	0	4,168	2,558	380	41,460	58,916	39,636
misc current assets	0	0	0	0	0	0	0	50,000	50,000	50,000	50,000	50,000	70,000	90,000
total current assets	392,927	389,635	355,201	286,574	292,029	346,656	364,939	405,637	420,199	539,020	319,378	364,388	386,688	332,011
total assets	490,687	468,949	432,185	360,896	384,724	422,027	418,281	460,208	470,413	585,482	416,809	469,147	467,897	423,654
Bank overdraft	0	0	8,033	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
Trade Creditors	137	12,821	39,869	31,306	29,118	18,125	14,543	519,800	462,989	347,849	278,509	259,991	280,282	273,062
Group/Directors Accounts	177,268	162,041	162,028	147,028	151,319	131,319	138,075	0	0	0	0	0	2,836	0
other short term finances	0	0	0	0	150,409	150,409	150,529	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	549,875	540,693	503,317	446,377	243,337	228,272	221,306	0	0	0	0	0	0	0
total current liabilities	727,280	715,555	713,247	624,711	574,183	528,125	524,453	519,800	462,989	347,849	278,509	259,991	283,118	273,062
loans	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
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	0	0	0	0	0	0	0	0	0	0	0	11,130	5,338	6,721
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	11,130	5,338	6,721
total liabilities	727,280	715,555	713,247	624,711	574,183	528,125	524,453	519,800	462,989	347,849	278,509	271,121	288,456	279,783
net assets	-236,593	-246,606	-281,062	-263,815	-189,459	-106,098	-106,172	-59,592	7,424	237,633	138,300	198,026	179,441	143,871
total shareholders funds	-236,593	-246,606	-281,062	-263,815	-189,459	-106,098	-106,172	-59,592	7,424	237,633	138,300	198,026	179,441	143,871

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	10,954	42,742	-17,017	-69,328	-73,361	9,789	-41,877	-67,026	-230,226	128,997	-59,831	24,864	49,156	199,583
Depreciation	25,135	21,262	20,102	32,063	27,052	17,948	15,580	15,143	10,621	14,410	17,659	11,425	13,217	14,214
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,349	-8,082	0	0	0	-17	0	0	0	-29,671	0	-6,530	-13,833	-55,911
Stock	50,000	-10,000	10,000	0	-25,000	-65,000	0	0	40,000	55,000	-15,000	20,000	50,000	190,000
Debtors	-24,619	11,106	38,443	-1,598	-5,576	15,085	8,562	-10,394	-160,431	162,464	11,070	-4,844	5,397	12,375
Creditors	-12,684	-27,048	8,563	2,188	10,993	3,582	-505,257	56,811	115,140	69,340	18,518	-20,291	7,220	273,062
Accruals and Deferred Income	9,182	37,376	56,940	203,040	15,065	6,966	221,306	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-11,130	5,792	-1,383	6,721
Cash flow from operations	4,857	65,144	20,145	169,561	10,325	88,183	-318,810	15,322	15,966	-34,388	-30,854	104	-1,020	235,294
Investing Activities
capital expenditure	-43,581	-23,592	-22,764	-13,690	-44,376	-39,977	-14,351	-19,500	-14,373	-3,641	-10,331	-34,975	-2,783	-65,457
Change in Investments	0	0	0	0	0	0	0	0	0	-40,200	0	0	0	40,400
cash flow from investments	-43,581	-23,592	-22,764	-13,690	-44,376	-39,977	-14,351	-19,500	-14,373	36,559	-10,331	-34,975	-2,783	-105,857
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	15,227	13	15,000	-4,291	20,000	-6,756	138,075	0	0	0	0	-2,836	2,836	0
Other Short Term Loans	0	0	0	-150,409	0	-120	150,529	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,408	-204	-230	-5,028	-10,000	-9,697	-4,703	10	17	7	105	251	246	99
cash flow from financing	16,635	-191	14,770	-159,728	10,000	-16,573	283,901	10	17	7	105	-2,585	3,082	199
cash and cash equivalents
cash	-22,089	33,328	20,184	-3,857	-24,051	31,632	740	-4,168	1,610	2,178	-41,080	-17,456	19,280	39,636
overdraft	0	-8,033	8,033	0	0	0	0	0	0	0	0	0	0	0
change in cash	-22,089	41,361	12,151	-3,857	-24,051	31,632	740	-4,168	1,610	2,178	-41,080	-17,456	19,280	39,636

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REES METALS LIMITED group structure

Rees Metals Limited has no subsidiary companies.

Ultimate parent company

REES (HOLDINGS) LIMITED

08659721

1 parent

REES METALS LIMITED

01776396

REES METALS LIMITED Shareholders

rees holdings ltd

100%

Rees Metals Limited currently has 2 directors. The longest serving directors include Ms Sharon Davies (Sep 1993) and Mr Leonard Davies (Aug 2015).

officer	country	age	start	end	role
Ms Sharon Davies	United Kingdom	62 years	Sep 1993	-	Director
Mr Leonard Davies		64 years	Aug 2015	-	Director

P&L

November 2022

turnover

1.4m

+33%

operating profit

11k

gross margin

22%

-3.45%

turnover

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

Balance Sheet

November 2022

net assets

-236.6k

-0.04%

total assets

490.7k

+0.05%

cash

35.9k

-0.38%

net assets

Total assets minus all liabilities

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company number

01776396

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

December 1983

age

accounts

Total Exemption Full

ultimate parent company

REES (HOLDINGS) LIMITED

previous names

N/A

incorporated

address

pencoed works, saron road, bynea, llanelli, SA14 9LT

last accounts submitted

November 2022

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 1 charges/mortgages relating to rees metals limited. Currently there are 1 open charges and 0 have been satisfied in the past.

rees metals limited Company Information

rees metals limited Estimated Valuation

rees metals limited Estimated Valuation

rees metals limited Estimated Valuation

Rees Metals Limited Overview

Rees Metals Limited Health Check

REES METALS LIMITED financials

rees metals limited Credit Report and Business Information

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rees metals limited Ownership

rees metals limited directors

rees metals limited company details

rees metals limited Charges & Mortgages

rees metals limited Companies House Filings - See Documents