cronimet great britain limited

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cronimet great britain limited Company Information

Share CRONIMET GREAT BRITAIN LIMITED

Company Number

01883322

Directors

Karl Webster

Graham Parr

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Shareholders

cronimet holding gmbh

Group Structure

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Industry

Wholesale of metals and metal ores

 

Registered Address

unit 22 cannock wood industrial, cannock wood street, cannock, WS12 0PL

cronimet great britain limited Estimated Valuation

£27.9m

Pomanda estimates the enterprise value of CRONIMET GREAT BRITAIN LIMITED at £27.9m based on a Turnover of £90.2m and 0.31x industry multiple (adjusted for size and gross margin).

cronimet great britain limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of CRONIMET GREAT BRITAIN LIMITED at £2.6m based on an EBITDA of £615.2k and a 4.21x industry multiple (adjusted for size and gross margin).

cronimet great britain limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CRONIMET GREAT BRITAIN LIMITED at £0 based on Net Assets of £-13.4k and 1.64x industry multiple (adjusted for liquidity).

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Cronimet Great Britain Limited Overview

Cronimet Great Britain Limited is a live company located in cannock, WS12 0PL with a Companies House number of 01883322. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in February 1985, it's largest shareholder is cronimet holding gmbh with a 100% stake. Cronimet Great Britain Limited is a mature, large sized company, Pomanda has estimated its turnover at £90.2m with high growth in recent years.

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Cronimet Great Britain Limited Health Check

Pomanda's financial health check has awarded Cronimet Great Britain Limited a 4 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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £90.2m, make it larger than the average company (£29.9m)

£90.2m - Cronimet Great Britain Limited

£29.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (14.8%)

24% - Cronimet Great Britain Limited

14.8% - Industry AVG

production

Production

with a gross margin of 2.2%, this company has a higher cost of product (16.9%)

2.2% - Cronimet Great Britain Limited

16.9% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (5.1%)

0.5% - Cronimet Great Britain Limited

5.1% - Industry AVG

employees

Employees

with 35 employees, this is similar to the industry average (32)

35 - Cronimet Great Britain Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.3k, the company has an equivalent pay structure (£52k)

£44.3k - Cronimet Great Britain Limited

£52k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £2.6m, this is more efficient (£883.6k)

£2.6m - Cronimet Great Britain Limited

£883.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is earlier than average (63 days)

37 days - Cronimet Great Britain Limited

63 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (46 days)

10 days - Cronimet Great Britain Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is less than average (76 days)

24 days - Cronimet Great Britain Limited

76 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Cronimet Great Britain Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (53%)

100.1% - Cronimet Great Britain Limited

53% - Industry AVG

CRONIMET GREAT BRITAIN LIMITED financials

EXPORTms excel logo

Cronimet Great Britain Limited's latest turnover from December 2023 is £90.2 million and the company has net assets of -£13.4 thousand. According to their latest financial statements, Cronimet Great Britain Limited has 35 employees and maintains cash reserves of £12.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover90,209,845102,271,07976,522,60347,796,31343,096,81641,719,73343,866,24029,421,65334,014,08343,369,05236,998,15741,945,13452,638,76041,558,79928,887,729
Other Income Or Grants
Cost Of Sales88,219,29198,327,18772,318,26147,406,45641,282,61540,277,28541,759,77126,983,28333,707,68640,964,60635,482,02041,751,28752,224,32242,042,74725,572,994
Gross Profit1,990,5543,943,8924,204,342389,8571,814,2011,442,4482,106,4692,438,370306,3972,404,4461,516,137193,847414,438-483,9483,314,735
Admin Expenses1,540,2151,768,6041,296,0911,032,7051,097,6881,613,8981,165,4211,593,8001,448,0001,724,8561,491,8811,109,4491,984,4892,887,6542,031,248
Operating Profit450,3392,175,2882,908,251-642,848716,513-171,450941,048844,570-1,141,603679,59024,256-915,602-1,570,051-3,371,6021,283,487
Interest Payable1,741,7991,262,391724,791406,117463,538495,190495,374503,664350,060462,344440,901524,826467,073233,828113,099
Interest Receivable1,212,406382,648239,45120,70411,0246,745954,7812151573,1321,01811,631
Pre-Tax Profit619,782-2,887,4162,422,911-1,028,261263,999-659,895307,226483,638-1,395,037217,246-416,430-1,440,271-1,864,575-3,604,4121,182,019
Tax673-8,190-7,42193,794-60,150286,285-343,348
Profit After Tax619,782-2,887,4162,422,911-1,028,261263,999-659,222299,036483,638-1,395,037209,825-416,430-1,346,477-1,924,725-3,318,127838,671
Dividends Paid96,626100,000
Retained Profit619,782-2,887,4162,422,911-1,028,261263,999-659,222299,036483,638-1,470,110210,072-301,350-1,271,362-1,882,776-3,422,675809,406
Employee Costs1,549,6141,481,3621,327,0521,267,2941,492,2451,517,6441,138,3861,352,8961,615,4361,636,6001,726,3351,599,9431,472,8801,517,0741,595,521
Number Of Employees353029303338313541515459494951
EBITDA*615,2422,326,1623,031,329-506,470883,320-40,0511,062,0761,004,957-890,173985,447394,434-772,208-1,199,445-2,989,0241,733,013

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,098,6142,072,0322,004,1532,059,5652,192,1332,203,2941,993,8982,072,4112,324,7272,509,0052,664,0832,842,9962,051,9322,100,8912,285,390
Intangible Assets
Investments & Other1100,00020202020202020
Debtors (Due After 1 year)
Total Fixed Assets2,098,6142,072,0322,004,1532,059,5652,192,1332,203,2952,093,8982,072,4112,324,7472,509,0252,664,1032,843,0162,051,9522,100,9112,285,410
Stock & work in progress6,022,8826,073,71116,531,7866,860,9899,346,9505,853,4466,521,3268,420,9955,796,5866,583,4156,608,51011,218,8017,656,2539,704,5164,848,367
Trade Debtors9,259,1319,559,51410,872,8429,299,0529,354,2735,643,4248,240,9293,441,461828,5354,832,2942,173,2891,175,5103,389,4442,213,7611,719,534
Group Debtors418,038188,697344,0333,485,331276,63362,545251,681132,80712,69638,54428,8172,510,0092,467,64415,555
Misc Debtors176,138143,527150,657598,007155,443122,82671,54455,377411,002138,547181,403165,598736,776730,894228,912
Cash12,23830153613,64828,45180,429340,8682,223,4122,900,699305,7312,964,2875,405,915575,866839,5823,491,423
misc current assets
total current assets15,888,42715,965,75027,899,85420,257,02719,161,75011,762,67015,426,34814,274,0529,936,82211,872,68311,966,03317,994,64114,868,34815,956,39710,303,791
total assets17,987,04118,037,78229,904,00722,316,59221,353,88313,965,96517,520,24616,346,46312,261,56914,381,70814,630,13620,837,65716,920,30018,057,30812,589,201
Bank overdraft30,626127,0423,35227,183
Bank loan
Trade Creditors 2,586,6813,462,9104,982,8353,695,5662,587,9771,725,2662,051,5101,331,3582,267,0952,323,2582,137,2453,463,5322,628,6574,277,6172,073,301
Group/Directors Accounts12,908,83714,462,70222,328,58512,273,81612,099,0328,808,03711,436,42910,232,8335,849,2766,511,8877,115,97211,187,84810,429,1334,702,612671,471
other short term finances
hp & lease commitments2,4522,4522,340
other current liabilities2,504,932745,361338,3626,515,8965,792,3432,819,678157,135189,488137,426142,041178,388331,678277,1853,559,515892,416
total current liabilities18,000,45018,670,97327,649,78222,485,27820,481,80413,355,43313,647,41411,753,6798,253,7979,007,8129,558,64714,983,05813,338,32712,539,7443,664,371
loans2,601,0743,233,2193,131,8453,061,9042,969,3223,336,002
hp & lease commitments12,50414,95616,960
Accruals and Deferred Income
other liabilities
provisions10,860
total long term liabilities12,50414,9562,618,0343,233,2193,131,8453,061,9042,969,3223,336,00210,860
total liabilities18,000,45018,670,97327,649,78222,485,27820,494,30813,370,38916,265,44814,986,89811,385,64212,069,71612,527,96918,319,06013,338,32712,550,6043,664,371
net assets-13,409-633,1912,254,225-168,686859,575595,5761,254,7981,110,179649,5702,023,0541,812,9822,114,3323,385,6945,268,4758,691,150
total shareholders funds-13,409-633,1912,254,225-168,686859,575595,5761,254,7981,110,179649,5702,023,0541,812,9822,114,3323,385,6945,268,4758,691,150
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit450,3392,175,2882,908,251-642,848716,513-171,450941,048844,570-1,141,603679,59024,256-915,602-1,570,051-3,371,6021,283,487
Depreciation164,903150,874123,078136,378166,807131,399121,028160,387251,430305,857370,178143,394370,606382,578449,526
Amortisation
Tax673-8,190-7,42193,794-60,150286,285-343,348
Stock-50,829-10,458,0759,670,797-2,485,9613,493,504-667,880-1,899,6692,624,409-786,829-25,095-4,610,2913,562,548-2,048,2634,856,1494,848,367
Debtors-38,431-1,475,794-2,014,8583,596,0413,957,554-2,735,3594,934,5092,390,108-3,744,0002,590,3011,023,311-5,266,3041,223,9303,448,2981,964,001
Creditors-876,229-1,519,9251,287,2691,107,589862,711-326,244720,152-935,737-56,163186,013-1,326,287834,875-1,648,9602,204,3162,073,301
Accruals and Deferred Income1,759,571406,999-6,177,534723,5532,972,6652,662,543-32,35352,062-4,615-36,347-153,29054,493-3,282,3302,667,099892,416
Deferred Taxes & Provisions-10,86010,860
Cash flow from operations1,587,84413,147,105-9,514,875214,592-2,732,3625,700,160-1,293,155-4,893,2353,579,878-1,437,5142,501,8371,914,710-5,377,412-6,124,911-2,456,986
Investing Activities
capital expenditure-269,234-500,113185,470-13,861-188,178-2,074,321-251,327-198,103213,021
Change in Investments-1-99,999100,000-2020
cash flow from investments1-169,235-600,113185,490-13,861-188,178-2,074,321-251,327-198,103213,001
Financing Activities
Bank loans
Group/Directors Accounts-1,553,865-7,865,88310,054,769174,7843,290,995-2,628,3921,203,5964,383,557-662,611-604,085-4,071,876758,7155,726,5214,031,141671,471
Other Short Term Loans
Long term loans-2,601,074-632,145101,37469,94192,582-366,6803,336,002
Hire Purchase and Lease Commitments-14,956-2,452-1,89219,300
other long term liabilities
share issue-154,417-23,02996,626-57,881,744
interest-529,393-879,743-485,340-385,413-452,514-488,445459,407-503,664-350,060-462,344-440,686-524,669-463,941-232,810-101,468
cash flow from financing-2,083,258-8,745,6269,569,429-225,5852,836,029-5,719,803895,7413,958,238-846,104-973,847-4,879,2423,570,0485,262,5753,798,3318,451,747
cash and cash equivalents
cash11,937-235-13,112-14,803-51,978-260,439-1,882,544-677,2872,594,968-2,658,556-2,441,6284,830,049-263,716-2,651,8413,491,423
overdraft-30,626-96,416127,042-3,3523,352-27,18327,183
change in cash11,937-235-13,112-14,803-51,978-260,439-1,882,544-677,2872,625,594-2,562,140-2,568,6704,833,401-267,068-2,624,6583,464,240

cronimet great britain limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cronimet Great Britain Limited Competitor Analysis

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Perform a competitor analysis for cronimet great britain limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in WS12 area or any other competitors across 12 key performance metrics.

cronimet great britain limited Ownership

CRONIMET GREAT BRITAIN LIMITED group structure

Cronimet Great Britain Limited has 1 subsidiary company.

Ultimate parent company

CRONIMET HOLDING GMBH

#0060147

1 parent

CRONIMET GREAT BRITAIN LIMITED

01883322

1 subsidiary

CRONIMET GREAT BRITAIN LIMITED Shareholders

cronimet holding gmbh 100%

cronimet great britain limited directors

Cronimet Great Britain Limited currently has 4 directors. The longest serving directors include Mr Karl Webster (Mar 2016) and Mr Graham Parr (Dec 2018).

officercountryagestartendrole
Mr Karl WebsterEngland50 years Mar 2016- Director
Mr Graham ParrEngland62 years Dec 2018- Director
Mrs Lisa Heath-HaywoodEngland40 years Nov 2022- Director
Mr Joseph Todd35 years Nov 2022- Director

P&L

December 2023

turnover

90.2m

-12%

operating profit

450.3k

-79%

gross margin

2.3%

-42.78%

turnover

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

Balance Sheet

December 2023

net assets

-13.4k

-0.98%

total assets

18m

0%

cash

12.2k

+39.66%

net assets

Total assets minus all liabilities

cronimet great britain limited company details

company number

01883322

Type

Private limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

incorporation date

February 1985

age

40

incorporated

UK

ultimate parent company

CRONIMET HOLDING GMBH

accounts

Full Accounts

last accounts submitted

December 2023

previous names

cronimet (great britain) limited (February 2023)

westdoor limited (March 1998)

accountant

-

auditor

BK PLUS AUDIT LIMITED

address

unit 22 cannock wood industrial, cannock wood street, cannock, WS12 0PL

Bank

-

Legal Advisor

-

cronimet great britain 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 12 charges/mortgages relating to cronimet great britain limited. Currently there are 2 open charges and 10 have been satisfied in the past.

cronimet great britain 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 CRONIMET GREAT BRITAIN LIMITED. This can take several minutes, an email will notify you when this has completed.

cronimet great britain limited Companies House Filings - See Documents

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