Newgate (newark) Limited

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newgate (newark) limited Company Information

Live

MatureMidDeclining

Company Number

01870156

Next Accounts

Jan 2025

Industry

Manufacture of other fabricated metal products n.e.c.

Directors

Alan Osgerby

Kevin Smith

Shareholders

alan john osgerby

kevin raymond smith

Group Structure

View All

Contact

Registered Address

brunel drive, newark, notts, NG24 2DE

Website

www.newgate.uk.com

newgate (newark) limited Estimated Valuation

£8.8m

Pomanda estimates the enterprise value of NEWGATE (NEWARK) LIMITED at £8.8m based on Net Assets of £4.4m and 2x industry multiple (adjusted for liquidity).

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Newgate (newark) Limited is a live company located in notts, NG24 2DE with a Companies House number of 01870156. 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 alan john osgerby with a 50% stake. Newgate (newark) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Newgate (Newark) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £9.9m, make it smaller than the average company (£12.7m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.5%)

EXPORT

Newgate (Newark) Limited's latest turnover from April 2023 is £9.9 million and the company has net assets of £4.4 million. According to their latest financial statements, Newgate (Newark) Limited has 88 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	9,885,879	8,392,701	9,487,182	10,359,802	11,098,203	10,532,708	9,718,020	7,161,747	7,512,655	7,484,287	6,491,034	7,391,533	6,960,782	6,028,908
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,420,999	5,963,425	6,721,756	7,248,480	7,810,611	7,272,700	6,669,071	4,811,658	4,995,685	5,194,481	4,522,599	5,143,079	4,243,512	3,805,406
Gross Profit	3,464,880	2,429,276	2,765,426	3,111,322	3,287,592	3,260,008	3,048,949	2,350,089	2,516,970	2,289,806	1,968,435	2,248,454	2,717,270	2,223,502
Admin Expenses	2,477,703	2,016,699	1,873,386	2,950,639	2,855,138	2,494,146	2,980,174	1,841,976	1,779,256	1,669,371	1,848,523	1,869,623	1,892,413	2,633,984
Operating Profit	987,177	412,577	892,040	160,683	432,454	765,862	68,775	508,113	737,714	620,435	119,912	378,831	824,857	-410,482
Interest Payable	22,479	25,962	0	0	0	0	0	7,157	51,121	933	2,994	18,025	63,312	41,086
Interest Receivable	3,297	0	1,523	1,076	5,154	3,606	2,384	901	805	1,854	281	355	494	8,626
Pre-Tax Profit	967,995	386,615	893,563	161,759	437,607	769,468	71,159	501,857	687,398	621,356	117,199	361,161	762,039	-442,942
Tax	-173,685	-88,015	-169,777	-30,734	-83,145	-146,199	-13,520	-58,028	-201,263	-155,613	-48,141	-106,183	-217,425	-92,635
Profit After Tax	794,310	298,600	723,786	131,025	354,462	623,269	57,639	443,829	486,135	465,743	69,058	254,978	544,614	-535,577
Dividends Paid	0	400,000	0	0	0	0	0	1,000,000	150,000	200,000	380,000	200,000	0	500,000
Retained Profit	794,310	-101,400	723,786	131,025	354,462	623,269	57,639	-556,171	336,135	265,743	-310,942	54,978	544,614	-1,035,577
Employee Costs	3,751,165	3,538,028	3,139,209	3,318,309	3,283,949	3,061,020	2,951,569	2,729,769	2,664,453	2,836,164	2,558,985	2,766,360	2,455,067	3,197,898
Number Of Employees	88	87	89	92	94	90	89	90	84	81	83	80	78	75
EBITDA*	1,058,019	479,098	967,043	230,249	560,922	765,862	179,513	618,707	841,377	728,346	322,978	582,556	1,023,370	-300,628

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	266,510	245,731	235,692	257,797	296,480	387,387	420,746	453,496	527,355	479,596	536,919	735,928	880,321	1,014,870
Intangible Assets	0	19,445	42,778	66,111	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	2,999	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	266,510	265,176	278,470	323,908	296,480	387,387	420,746	453,496	530,354	479,596	536,919	735,928	880,321	1,014,870
Stock & work in progress	897,672	796,456	721,464	628,114	706,504	573,463	594,918	573,004	549,542	543,605	611,042	630,625	564,530	516,783
Trade Debtors	2,156,161	1,549,427	2,382,036	2,429,767	2,862,676	2,800,921	2,246,191	1,679,833	1,835,269	1,644,641	1,166,955	1,439,430	1,657,770	1,192,822
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	209,332	171,512	0	0	0	0	0	199,102	178,094	159,628	171,682	152,771	153,027	148,425
Cash	2,649,193	2,342,500	1,724,847	1,320,871	831,900	542,384	899,912	1,007,372	1,048,156	715,873	426,057	404,544	635,704	645,908
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,912,358	4,859,895	4,828,347	4,378,752	4,401,080	3,916,768	3,741,021	3,459,311	3,611,061	3,063,747	2,375,736	2,627,370	3,011,031	2,503,938
total assets	6,178,868	5,125,071	5,106,817	4,702,660	4,697,560	4,304,155	4,161,767	3,912,807	4,141,415	3,543,343	2,912,655	3,363,298	3,891,352	3,518,808
Bank overdraft	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
Trade Creditors	1,005,278	776,838	1,404,583	1,723,920	1,857,927	1,814,828	2,295,112	768,331	656,307	601,624	536,931	629,865	708,910	541,615
Group/Directors Accounts	84,926	252,569	0	0	0	0	0	586,393	35,602	119,911	24,085	56,215	436,939	894,173
other short term finances	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	4,444	0	0	0	0
other current liabilities	686,811	485,022	0	0	0	0	0	686,439	1,095,259	810,087	599,270	613,907	729,633	597,871
total current liabilities	1,777,015	1,514,429	1,404,583	1,723,920	1,857,927	1,814,828	2,295,112	2,041,163	1,787,168	1,536,066	1,160,286	1,299,987	1,875,482	2,033,659
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	20,686	23,785	13,977	14,269	6,187	10,343	10,940	73,568	0	0	0	0	7,537	21,430
total long term liabilities	20,686	23,785	13,977	14,269	6,187	10,343	10,940	73,568	0	0	0	0	7,537	21,430
total liabilities	1,797,701	1,538,214	1,418,560	1,738,189	1,864,114	1,825,171	2,306,052	2,114,731	1,787,168	1,536,066	1,160,286	1,299,987	1,883,019	2,055,089
net assets	4,381,167	3,586,857	3,688,257	2,964,471	2,833,446	2,478,984	1,855,715	1,798,076	2,354,247	2,007,277	1,752,369	2,063,311	2,008,333	1,463,719
total shareholders funds	4,381,167	3,586,857	3,688,257	2,964,471	2,833,446	2,478,984	1,855,715	1,798,076	2,354,247	2,007,277	1,752,369	2,063,311	2,008,333	1,463,719

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	987,177	412,577	892,040	160,683	432,454	765,862	68,775	508,113	737,714	620,435	119,912	378,831	824,857	-410,482
Depreciation	51,397	43,188	51,670	65,677	128,468	0	110,738	110,594	103,663	107,911	203,066	203,725	198,513	109,854
Amortisation	19,445	23,333	23,333	3,889	0	0	0	0	0	0	0	0	0	0
Tax	-173,685	-88,015	-169,777	-30,734	-83,145	-146,199	-13,520	-58,028	-201,263	-155,613	-48,141	-106,183	-217,425	-92,635
Stock	101,216	74,992	93,350	-78,390	133,041	-21,455	21,914	23,462	5,937	-67,437	-19,583	66,095	47,747	516,783
Debtors	644,554	-661,097	-47,731	-432,909	61,755	554,730	367,256	-134,428	209,094	465,632	-253,564	-218,596	469,550	1,341,247
Creditors	228,440	-627,745	-319,337	-134,007	43,099	-480,284	1,526,781	112,024	54,683	64,693	-92,934	-79,045	167,295	541,615
Accruals and Deferred Income	201,789	485,022	0	0	0	0	-686,439	-408,820	285,172	210,817	-14,637	-115,726	131,762	597,871
Deferred Taxes & Provisions	-3,099	9,808	-292	8,082	-4,156	-597	-62,628	73,568	0	0	0	-7,537	-13,893	21,430
Cash flow from operations	565,694	844,273	432,018	584,889	321,924	-394,493	554,537	448,417	764,938	450,048	440,413	426,566	573,812	-1,090,377
Investing Activities
capital expenditure	0	0	-29,565	-96,994	-37,561	33,359	-77,988	-36,735	-132,431	-36,498	-4,057	-58,932	-59,062	-852,023
Change in Investments	0	0	0	0	0	0	0	-2,999	2,999	0	0	0	0	0
cash flow from investments	0	0	-29,565	-96,994	-37,561	33,359	-77,988	-33,736	-135,430	-36,498	-4,057	-58,932	-59,062	-852,023
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-167,643	252,569	0	0	0	0	-586,393	550,791	-84,309	95,826	-32,130	-380,724	-457,234	894,173
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	-4,444	4,444	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	10,835	-10,835	0	0	0	2,499,296
interest	-19,182	-25,962	1,523	1,076	5,154	3,606	2,384	-6,256	-50,316	921	-2,713	-17,670	-62,818	-32,460
cash flow from financing	-186,825	226,607	1,523	1,076	5,154	3,606	-584,009	544,535	-128,234	90,356	-34,843	-398,394	-520,052	3,361,009
cash and cash equivalents
cash	306,693	617,653	403,976	488,971	289,516	-357,528	-107,460	-40,784	332,283	289,816	21,513	-231,160	-10,204	645,908
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	306,693	617,653	403,976	488,971	289,516	-357,528	-107,460	-40,784	332,283	289,816	21,513	-231,160	-10,204	645,908

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEWGATE (NEWARK) LIMITED group structure

Newgate (Newark) Limited has no subsidiary companies.

Ultimate parent company

NEWGATE (NEWARK) LIMITED

01870156

NEWGATE (NEWARK) LIMITED Shareholders

alan john osgerby	50%
kevin raymond smith	50%

Newgate (Newark) Limited currently has 2 directors. The longest serving directors include Mr Alan Osgerby (Jun 1992) and Mr Kevin Smith (Jun 1992).

officer	country	age	start	end	role
Mr Alan Osgerby		66 years	Jun 1992	-	Director
Mr Kevin Smith		71 years	Jun 1992	-	Director

P&L

April 2023

turnover

9.9m

+18%

operating profit

987.2k

+139%

gross margin

35.1%

+21.09%

turnover

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

Balance Sheet

April 2023

net assets

4.4m

+0.22%

total assets

6.2m

+0.21%

cash

2.6m

+0.13%

net assets

Total assets minus all liabilities

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company number

01870156

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

December 1984

ultimate parent company

None

previous names

N/A

address

brunel drive, newark, notts, NG24 2DE

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 2 charges/mortgages relating to newgate (newark) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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.

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newgate (newark) limited Company Information

newgate (newark) limited Estimated Valuation

newgate (newark) limited Estimated Valuation

newgate (newark) limited Estimated Valuation

Newgate (newark) Limited Overview

Newgate (newark) Limited Health Check

NEWGATE (NEWARK) LIMITED financials

newgate (newark) limited Credit Report and Business Information

Newgate (newark) Limited Competitor Analysis

newgate (newark) limited Ownership

newgate (newark) limited directors

newgate (newark) limited company details

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newgate (newark) limited Companies House Filings - See Documents