ultra finishing limited
ultra finishing limited Company Information
Company Number
01869659
Next Accounts
Sep 2025
Shareholders
roxor group limited
Group Structure
View All
Industry
Manufacture of other fabricated metal products n.e.c.
Registered Address
hamnett house gibbet street, halifax, west yorkshire, HX2 0AX
Website
www.ultra-finishing.co.ukultra finishing limited Estimated Valuation
Pomanda estimates the enterprise value of ULTRA FINISHING LIMITED at £76.9m based on a Turnover of £62m and 1.24x industry multiple (adjusted for size and gross margin).
ultra finishing limited Estimated Valuation
Pomanda estimates the enterprise value of ULTRA FINISHING LIMITED at £58.3m based on an EBITDA of £5.9m and a 9.87x industry multiple (adjusted for size and gross margin).
ultra finishing limited Estimated Valuation
Pomanda estimates the enterprise value of ULTRA FINISHING LIMITED at £3.3m based on Net Assets of £1.6m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ultra Finishing Limited Overview
Ultra Finishing Limited is a live company located in west yorkshire, HX2 0AX with a Companies House number of 01869659. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in December 1984, it's largest shareholder is roxor group limited with a 100% stake. Ultra Finishing Limited is a mature, large sized company, Pomanda has estimated its turnover at £62m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ultra Finishing Limited Health Check
Pomanda's financial health check has awarded Ultra Finishing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £62m, make it larger than the average company (£14.6m)
£62m - Ultra Finishing Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.1%)
8% - Ultra Finishing Limited
8.1% - Industry AVG
Production
with a gross margin of 37.6%, this company has a lower cost of product (29.2%)
37.6% - Ultra Finishing Limited
29.2% - Industry AVG
Profitability
an operating margin of 8.5% make it more profitable than the average company (6.2%)
8.5% - Ultra Finishing Limited
6.2% - Industry AVG
Employees
with 130 employees, this is above the industry average (80)
130 - Ultra Finishing Limited
80 - Industry AVG
Pay Structure
on an average salary of £44.3k, the company has an equivalent pay structure (£41.3k)
£44.3k - Ultra Finishing Limited
£41.3k - Industry AVG
Efficiency
resulting in sales per employee of £477k, this is more efficient (£169.2k)
£477k - Ultra Finishing Limited
£169.2k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (59 days)
52 days - Ultra Finishing Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (45 days)
44 days - Ultra Finishing Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 124 days, this is more than average (72 days)
124 days - Ultra Finishing Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Ultra Finishing Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (45.6%)
94.4% - Ultra Finishing Limited
45.6% - Industry AVG
ULTRA FINISHING LIMITED financials
Ultra Finishing Limited's latest turnover from December 2023 is £62 million and the company has net assets of £1.6 million. According to their latest financial statements, Ultra Finishing Limited has 130 employees and maintains cash reserves of £1.7 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 | Jan 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 62,012,000 | 57,362,000 | 53,347,000 | 49,439,000 | 46,154,000 | 44,823,000 | 38,193,000 | 3,242,000 | 60,376,000 | 63,681,000 | 93,077,000 | 83,041,036 | 32,763,874 | 36,192,880 | 32,168,606 | 26,733,558 |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 38,668,000 | 38,590,000 | 34,276,000 | 34,340,000 | 32,400,000 | 31,356,000 | 28,048,000 | 2,615,000 | 41,245,000 | 41,007,000 | 60,527,000 | 58,229,399 | 24,384,904 | 25,174,337 | 22,237,336 | 17,054,517 |
| Gross Profit | 23,344,000 | 18,772,000 | 19,071,000 | 15,099,000 | 13,754,000 | 13,467,000 | 10,145,000 | 627,000 | 19,131,000 | 22,674,000 | 32,550,000 | 24,811,637 | 8,378,970 | 11,018,543 | 9,931,270 | 9,679,041 |
| Admin Expenses | 18,082,000 | 14,355,000 | 14,988,000 | 12,135,000 | 14,403,000 | 11,045,000 | 917,000 | 17,169,000 | 21,437,000 | 41,585,000 | 25,520,434 | 7,020,286 | 10,489,193 | 7,545,144 | 5,631,342 | |
| Operating Profit | 5,262,000 | 4,417,000 | 4,083,000 | 2,964,000 | -936,000 | -900,000 | -290,000 | 1,962,000 | 1,237,000 | -9,035,000 | -708,797 | 1,358,684 | 529,350 | 2,386,126 | 4,047,699 | |
| Interest Payable | 586,000 | 744,000 | 567,000 | 452,000 | 635,000 | 676,000 | 216,000 | 17,000 | 613,000 | 481,000 | 176,000 | 157,245 | 15,747 | 13,092 | 1,567 | |
| Interest Receivable | 24,000 | 160,142 | 4,266 | 4,616 | 19,771 | 9,804 | ||||||||||
| Pre-Tax Profit | 4,676,000 | 3,673,000 | 3,516,000 | 1,644,000 | -1,274,000 | -1,613,000 | -1,116,000 | -307,000 | 1,349,000 | 756,000 | -11,205,000 | -639,688 | 1,342,430 | 457,834 | 2,465,099 | 4,151,624 |
| Tax | -145,000 | -855,000 | -539,000 | 458,000 | 24,000 | 322,000 | 600,000 | -414,000 | -443,000 | -147,000 | 177,483 | -295,468 | -223,131 | -794,273 | -1,231,571 | |
| Profit After Tax | 4,531,000 | 2,818,000 | 2,977,000 | 2,102,000 | -1,250,000 | -1,291,000 | -516,000 | -307,000 | 935,000 | 313,000 | -11,352,000 | -462,205 | 1,046,962 | 234,703 | 1,670,826 | 2,920,053 |
| Dividends Paid | 8,000,000 | 957,288 | 228,312 | |||||||||||||
| Retained Profit | -3,469,000 | 2,818,000 | 2,977,000 | 2,102,000 | -1,250,000 | -1,291,000 | -516,000 | -307,000 | 705,000 | 158,000 | -11,408,000 | -490,584 | 1,046,962 | 234,703 | 713,538 | 2,691,741 |
| Employee Costs | 5,755,000 | 5,118,000 | 5,517,000 | 5,665,000 | 6,027,000 | 5,613,000 | 3,004,000 | 285,000 | 7,162,000 | 7,439,000 | 16,931,000 | 11,388,820 | 4,042,331 | 6,381,370 | 5,089,675 | 3,357,505 |
| Number Of Employees | 130 | 133 | 143 | 182 | 192 | 194 | 113 | 97 | 347 | 365 | 730 | 728 | 121 | 116 | 107 | 92 |
| EBITDA* | 5,908,000 | 4,976,000 | 4,774,000 | 4,011,000 | -94,000 | 175,000 | -218,000 | 3,235,000 | 2,805,000 | -4,924,000 | 833,670 | 1,807,863 | 989,316 | 2,841,125 | 4,510,400 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 450,000 | 245,000 | 439,000 | 638,000 | 931,000 | 1,051,000 | 1,035,000 | 999,000 | 3,241,000 | 4,626,000 | 4,445,000 | 6,358,567 | 2,521,805 | 2,682,486 | 2,691,011 | 2,742,844 |
| Intangible Assets | 1,006,000 | 1,351,000 | 1,345,000 | 1,748,000 | 2,157,000 | 2,579,000 | 2,977,000 | 3,158,000 | 2,857,000 | 3,614,000 | 4,009,000 | 6,221,615 | 472,894 | 714,094 | 955,294 | 1,191,454 |
| Investments & Other | 1,916,000 | 1,916,000 | 1,916,000 | 1,916,000 | 1,916,000 | 70,000 | 70,000 | 70,000 | 121,365 | 8,495,640 | 3,392,056 | 3,447,028 | 3,495,028 | |||
| Debtors (Due After 1 year) | 758,609 | |||||||||||||||
| Total Fixed Assets | 1,456,000 | 1,596,000 | 1,784,000 | 4,302,000 | 5,004,000 | 5,546,000 | 5,928,000 | 6,073,000 | 6,168,000 | 8,310,000 | 8,524,000 | 12,701,547 | 12,248,948 | 6,788,636 | 7,093,333 | 7,429,326 |
| Stock & work in progress | 13,138,000 | 14,205,000 | 15,563,000 | 9,989,000 | 10,723,000 | 10,716,000 | 13,729,000 | 8,165,000 | 12,072,000 | 12,280,000 | 13,895,000 | 16,234,859 | 9,341,817 | 7,530,681 | 7,687,271 | 3,675,478 |
| Trade Debtors | 8,956,000 | 7,894,000 | 7,048,000 | 7,451,000 | 9,187,000 | 7,753,000 | 7,970,000 | 4,295,000 | 12,163,000 | 10,419,000 | 7,790,000 | 11,429,282 | 4,684,913 | 5,533,494 | 5,334,634 | 4,025,551 |
| Group Debtors | 2,045,000 | 3,948,000 | 1,974,000 | 4,912,000 | 1,665,000 | 3,067,000 | 2,468,000 | 1,863,000 | 549,000 | 1,504,000 | 1,271,869 | 3,173,595 | 3,011,645 | 1,084,102 | 655,898 | |
| Misc Debtors | 2,091,000 | 1,002,000 | 3,303,000 | 3,114,000 | 3,133,000 | 2,422,000 | 1,980,000 | 674,000 | 2,832,000 | 1,559,000 | 2,572,000 | 4,078,627 | 518,980 | 1,377,295 | 1,360,516 | 495,342 |
| Cash | 1,745,000 | 467,000 | 1,123,000 | 1,026,000 | 247,000 | 372,000 | 2,846,000 | 88,000 | 49,000 | 1,321,000 | 1,422,814 | 1,540,892 | 1,657,752 | 2,465,018 | 6,005,407 | |
| misc current assets | ||||||||||||||||
| total current assets | 27,975,000 | 27,516,000 | 29,011,000 | 26,492,000 | 24,708,000 | 24,205,000 | 26,519,000 | 17,843,000 | 27,155,000 | 24,856,000 | 27,082,000 | 34,437,451 | 19,260,197 | 19,110,867 | 17,931,541 | 14,857,676 |
| total assets | 29,431,000 | 29,112,000 | 30,795,000 | 30,794,000 | 29,712,000 | 29,751,000 | 32,447,000 | 23,916,000 | 33,323,000 | 33,166,000 | 35,606,000 | 47,138,998 | 31,509,145 | 25,899,503 | 25,024,874 | 22,287,002 |
| Bank overdraft | 7,850,000 | 11,178,000 | 8,565,000 | 12,377,000 | 14,614,000 | 12,504,000 | 6,412,000 | 10,568,000 | 11,902,000 | 3,682,000 | 3,746,272 | 910,976 | 1,560,809 | |||
| Bank loan | ||||||||||||||||
| Trade Creditors | 4,732,000 | 4,926,000 | 6,601,000 | 5,222,000 | 3,173,000 | 2,417,000 | 4,757,000 | 3,370,000 | 8,430,000 | 7,132,000 | 7,362,000 | 9,616,262 | 3,448,371 | 3,420,272 | 3,577,220 | 2,385,454 |
| Group/Directors Accounts | 21,205,000 | 9,607,000 | 8,532,000 | 9,608,000 | 10,533,000 | 7,466,000 | 9,128,000 | 7,025,000 | 2,048,000 | 2,280,213 | 2,562,750 | 1,125,377 | 155,134 | 289,727 | ||
| other short term finances | 440,000 | 440,000 | 440,000 | 700,000 | 1,480,000 | |||||||||||
| hp & lease commitments | 10,000 | 12,000 | 33,000 | 50,000 | 73,000 | 73,000 | 99,000 | 1,000 | 3,000 | 88,000 | 125,000 | 149,782 | ||||
| other current liabilities | 1,798,000 | 1,602,000 | 2,142,000 | 2,779,000 | 1,047,000 | 1,351,000 | 923,000 | 1,631,000 | 4,253,000 | 4,701,000 | 13,282,000 | 10,337,682 | 3,685,544 | 4,869,312 | 3,481,872 | 3,475,518 |
| total current liabilities | 27,745,000 | 23,997,000 | 28,486,000 | 26,224,000 | 27,203,000 | 25,921,000 | 27,411,000 | 18,439,000 | 23,694,000 | 24,263,000 | 26,939,000 | 26,830,211 | 12,087,641 | 9,414,961 | 8,775,035 | 6,150,699 |
| loans | 190,000 | 890,000 | ||||||||||||||
| hp & lease commitments | 27,000 | 12,000 | 50,000 | 91,000 | 162,000 | 77,000 | 47,000 | 102,000 | 199,000 | 261,477 | ||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 600,000 | |||||||||||||||
| provisions | 13,000 | 1,000 | 92,923 | |||||||||||||
| total long term liabilities | 40,000 | 12,000 | 50,000 | 91,000 | 162,000 | 77,000 | 47,000 | 102,000 | 200,000 | 544,400 | 890,000 | 600,000 | ||||
| total liabilities | 27,785,000 | 23,997,000 | 28,498,000 | 26,274,000 | 27,294,000 | 26,083,000 | 27,488,000 | 18,439,000 | 23,741,000 | 24,365,000 | 27,139,000 | 27,374,611 | 12,977,641 | 9,414,961 | 8,775,035 | 6,750,699 |
| net assets | 1,646,000 | 5,115,000 | 2,297,000 | 4,520,000 | 2,418,000 | 3,668,000 | 4,959,000 | 5,477,000 | 9,025,000 | 8,474,000 | 8,295,000 | 19,648,437 | 18,531,504 | 16,484,542 | 16,249,839 | 15,536,303 |
| total shareholders funds | 1,646,000 | 5,115,000 | 2,297,000 | 4,520,000 | 2,418,000 | 3,668,000 | 4,959,000 | 5,477,000 | 9,025,000 | 8,474,000 | 8,295,000 | 19,648,437 | 18,531,504 | 16,484,542 | 16,249,839 | 15,536,303 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 5,262,000 | 4,417,000 | 4,083,000 | 2,964,000 | -936,000 | -900,000 | -290,000 | 1,962,000 | 1,237,000 | -9,035,000 | -708,797 | 1,358,684 | 529,350 | 2,386,126 | 4,047,699 | |
| Depreciation | 185,000 | 212,000 | 286,000 | 638,000 | 484,000 | 412,000 | 399,000 | 37,000 | 1,049,000 | 952,000 | 1,387,000 | 836,370 | 207,979 | 218,766 | 218,839 | 226,541 |
| Amortisation | 461,000 | 347,000 | 405,000 | 409,000 | 422,000 | 430,000 | 676,000 | 35,000 | 224,000 | 616,000 | 2,724,000 | 706,097 | 241,200 | 241,200 | 236,160 | 236,160 |
| Tax | -145,000 | -855,000 | -539,000 | 458,000 | 24,000 | 322,000 | 600,000 | -414,000 | -443,000 | -147,000 | 177,483 | -295,468 | -223,131 | -794,273 | -1,231,571 | |
| Stock | -1,067,000 | -1,358,000 | 5,574,000 | -734,000 | 7,000 | -3,013,000 | 1,657,000 | -3,907,000 | -208,000 | -1,615,000 | -2,339,859 | 6,893,042 | 1,811,136 | -156,590 | 4,011,793 | 3,675,478 |
| Debtors | 248,000 | 519,000 | -3,152,000 | 1,492,000 | 743,000 | 824,000 | -2,577,000 | -8,163,000 | 2,468,000 | 661,000 | -4,913,778 | 7,643,681 | -786,337 | 2,143,182 | 2,602,461 | 5,176,791 |
| Creditors | -194,000 | -1,675,000 | 1,379,000 | 2,049,000 | 756,000 | -2,340,000 | -3,673,000 | -5,060,000 | 1,298,000 | -230,000 | -2,254,262 | 6,167,891 | 28,099 | -156,948 | 1,191,766 | 2,385,454 |
| Accruals and Deferred Income | 196,000 | -540,000 | -637,000 | 1,732,000 | -304,000 | 428,000 | -3,330,000 | -2,622,000 | -448,000 | -8,581,000 | 2,944,318 | 6,652,138 | -1,183,768 | 1,387,440 | 6,354 | 3,475,518 |
| Deferred Taxes & Provisions | 13,000 | -1,000 | -91,923 | 92,923 | ||||||||||||
| Cash flow from operations | 6,597,000 | 2,745,000 | 2,555,000 | 7,492,000 | 505,000 | -5,308,000 | 4,170,000 | 1,411,000 | -5,496,000 | 2,780,770 | -612,618 | -668,073 | 10,085 | -3,369,282 | 287,532 | |
| Investing Activities | ||||||||||||||||
| capital expenditure | -738,000 | -364,000 | 3,615,000 | -2,110,982 | -47,298 | -212,579 | ||||||||||
| Change in Investments | -1,916,000 | 1,846,000 | 1,846,000 | -51,365 | -8,374,275 | 5,103,584 | -54,972 | -48,000 | 3,495,028 | |||||||
| cash flow from investments | -738,000 | -2,210,000 | 3,615,000 | 51,365 | 6,263,293 | -5,150,882 | -157,607 | |||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | 11,598,000 | 1,075,000 | -1,076,000 | -925,000 | 3,067,000 | -1,662,000 | 9,128,000 | 7,025,000 | -2,048,000 | -232,213 | -282,537 | 1,437,373 | 970,243 | -134,593 | 289,727 | |
| Other Short Term Loans | -440,000 | -440,000 | -260,000 | -780,000 | 1,480,000 | |||||||||||
| Long term loans | -190,000 | -700,000 | 890,000 | |||||||||||||
| Hire Purchase and Lease Commitments | 25,000 | -33,000 | -55,000 | -64,000 | -71,000 | 59,000 | 126,000 | -49,000 | -140,000 | -134,000 | -87,259 | 411,259 | ||||
| other long term liabilities | -600,000 | 600,000 | ||||||||||||||
| share issue | ||||||||||||||||
| interest | -586,000 | -744,000 | -567,000 | -452,000 | -635,000 | -676,000 | -216,000 | -17,000 | -613,000 | -481,000 | -152,000 | 2,897 | -11,481 | -8,476 | 19,771 | 8,237 |
| cash flow from financing | 11,037,000 | 298,000 | -6,898,000 | -1,441,000 | 2,361,000 | -2,279,000 | 5,048,000 | 3,278,000 | -907,000 | -2,642,000 | -866,909 | 259,136 | 4,795,892 | 961,767 | -714,824 | 13,742,526 |
| cash and cash equivalents | ||||||||||||||||
| cash | 1,278,000 | -656,000 | 97,000 | 1,026,000 | -247,000 | -125,000 | 284,000 | 2,758,000 | 39,000 | -1,272,000 | -101,814 | -118,078 | -116,860 | -807,266 | -3,540,389 | 6,005,407 |
| overdraft | -7,850,000 | -3,328,000 | 2,613,000 | -3,812,000 | -2,237,000 | 2,110,000 | 1,936,000 | -4,156,000 | -1,334,000 | 8,220,000 | -64,272 | 2,835,296 | 910,976 | -1,560,809 | 1,560,809 | |
| change in cash | 9,128,000 | 2,672,000 | -2,516,000 | 4,838,000 | 1,990,000 | -2,235,000 | -1,652,000 | 6,914,000 | 1,373,000 | -9,492,000 | -37,542 | -2,953,374 | -1,027,836 | 753,543 | -5,101,198 | 6,005,407 |
ultra finishing limited Credit Report and Business Information
Ultra Finishing Limited Competitor Analysis
Perform a competitor analysis for ultra finishing limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in HX2 area or any other competitors across 12 key performance metrics.
ultra finishing limited Ownership
ULTRA FINISHING LIMITED group structure
Ultra Finishing Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
ULTRA FINISHING LIMITED
01869659
3 subsidiaries
ultra finishing limited directors
Ultra Finishing Limited currently has 3 directors. The longest serving directors include Mr Michael Duggleby (Oct 2006) and Mr Antony Wood (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Duggleby | United Kingdom | 52 years | Oct 2006 | - | Director |
| Mr Antony Wood | United Kingdom | 51 years | Jul 2012 | - | Director |
| Mr Ian Jones | 60 years | May 2016 | - | Director |
P&L
December 2023turnover
62m
+8%
operating profit
5.3m
+19%
gross margin
37.7%
+15.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.6m
-0.68%
total assets
29.4m
+0.01%
cash
1.7m
+2.74%
net assets
Total assets minus all liabilities
ultra finishing limited company details
company number
01869659
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
December 1984
age
41
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
hamnett house gibbet street, halifax, west yorkshire, HX2 0AX
Bank
-
Legal Advisor
-
ultra finishing 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 21 charges/mortgages relating to ultra finishing limited. Currently there are 1 open charges and 20 have been satisfied in the past.
ultra finishing limited 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 ULTRA FINISHING LIMITED. This can take several minutes, an email will notify you when this has completed.
ultra finishing limited Companies House Filings - See Documents
| date | description | view/download |
|---|
