panaz limited
panaz limited Company Information
Company Number
01944865
Next Accounts
Dec 2025
Shareholders
panaz holdings ltd
Group Structure
View All
Industry
Manufacture of other technical and industrial textiles
Registered Address
panaz hq, bentley wood way, network 65 bus, burnley, lancashire, BB11 5ST
Website
www.panaz.companaz limited Estimated Valuation
Pomanda estimates the enterprise value of PANAZ LIMITED at £6m based on a Turnover of £21m and 0.29x industry multiple (adjusted for size and gross margin).
panaz limited Estimated Valuation
Pomanda estimates the enterprise value of PANAZ LIMITED at £9.9m based on an EBITDA of £1.7m and a 5.85x industry multiple (adjusted for size and gross margin).
panaz limited Estimated Valuation
Pomanda estimates the enterprise value of PANAZ LIMITED at £8.7m based on Net Assets of £6.3m and 1.37x industry multiple (adjusted for liquidity).
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Panaz Limited Overview
Panaz Limited is a live company located in burnley, BB11 5ST with a Companies House number of 01944865. It operates in the manufacture of other technical and industrial textiles sector, SIC Code 13960. Founded in September 1985, it's largest shareholder is panaz holdings ltd with a 100% stake. Panaz Limited is a mature, large sized company, Pomanda has estimated its turnover at £21m with high growth in recent years.
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Panaz Limited Health Check
Pomanda's financial health check has awarded Panaz Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
5 Regular
1 Weak
Size
annual sales of £21m, make it in line with the average company (£18.2m)
£21m - Panaz Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8%)
16% - Panaz Limited
8% - Industry AVG
Production
with a gross margin of 42.4%, this company has a lower cost of product (29.3%)
42.4% - Panaz Limited
29.3% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (4.8%)
6.8% - Panaz Limited
4.8% - Industry AVG
Employees
with 94 employees, this is similar to the industry average (92)
94 - Panaz Limited
92 - Industry AVG
Pay Structure
on an average salary of £41.3k, the company has an equivalent pay structure (£40.1k)
£41.3k - Panaz Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £223.6k, this is more efficient (£157.8k)
£223.6k - Panaz Limited
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (58 days)
58 days - Panaz Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (47 days)
89 days - Panaz Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 119 days, this is more than average (90 days)
119 days - Panaz Limited
90 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (12 weeks)
26 weeks - Panaz Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.9%, this is a similar level of debt than the average (38.6%)
41.9% - Panaz Limited
38.6% - Industry AVG
PANAZ LIMITED financials
Panaz Limited's latest turnover from March 2024 is £21 million and the company has net assets of £6.3 million. According to their latest financial statements, Panaz Limited has 94 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,019,706 | 19,524,426 | 16,926,837 | 13,454,008 | 17,734,233 | 17,681,408 | 18,036,576 | 16,333,680 | 15,671,596 | 13,473,214 | 12,311,023 | 12,220,205 | 11,817,130 | 10,284,472 | 11,061,498 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 12,116,251 | 11,015,891 | 9,576,918 | 7,946,529 | 10,550,909 | 10,356,766 | 10,760,390 | 9,902,104 | 9,935,951 | 8,634,875 | 7,773,557 | 7,689,750 | 7,603,337 | 6,600,627 | 7,254,893 |
| Gross Profit | 8,903,455 | 8,508,535 | 7,349,919 | 5,507,479 | 7,183,324 | 7,324,642 | 7,276,186 | 6,431,576 | 5,735,645 | 4,838,339 | 4,537,466 | 4,530,455 | 4,213,793 | 3,683,845 | 3,806,605 |
| Admin Expenses | 5,609,859 | 3,779,495 | 5,331,900 | 5,177,813 | 4,639,650 | 4,335,179 | 4,020,040 | 3,627,887 | 3,464,556 | 3,296,978 | 3,401,221 | 3,503,406 | |||
| Operating Profit | 1,740,060 | 1,727,984 | 1,851,424 | 2,098,373 | 1,791,926 | 1,400,466 | 818,299 | 909,579 | 1,065,899 | 916,815 | 282,624 | 303,199 | |||
| Interest Payable | 503 | 43,877 | |||||||||||||
| Interest Receivable | 1,868 | 7,418 | 5,586 | 829 | 131 | 2,942 | 4,787 | ||||||||
| Pre-Tax Profit | 1,592,525 | 1,476,691 | 1,739,557 | 1,684,107 | 1,851,424 | 2,022,836 | 2,100,241 | 1,799,344 | 1,505,175 | 821,067 | 875,037 | 1,082,648 | 923,370 | 290,123 | 564,257 |
| Tax | -436,165 | -259,739 | -281,269 | -247,977 | -328,526 | -355,476 | -349,301 | -353,104 | -262,590 | -155,381 | -190,403 | -252,291 | -228,688 | -68,332 | -106,960 |
| Profit After Tax | 1,156,360 | 1,216,952 | 1,458,288 | 1,436,130 | 1,522,898 | 1,667,360 | 1,750,940 | 1,446,240 | 1,242,585 | 665,686 | 684,634 | 830,357 | 694,682 | 221,791 | 457,297 |
| Dividends Paid | 1,500,000 | 1,000,000 | 2,000,000 | 1,500,000 | 600,000 | 1,000,000 | 500,000 | 2,460,000 | 550,000 | 160,000 | 785,000 | 500,000 | 800,000 | 1,075,413 | |
| Retained Profit | -343,640 | 216,952 | -541,712 | -63,870 | 922,898 | 667,360 | 1,250,940 | -1,013,760 | 692,585 | 505,686 | -100,366 | 330,357 | -105,318 | 221,791 | -618,116 |
| Employee Costs | 3,877,679 | 3,708,750 | 2,996,032 | 2,627,420 | 3,156,610 | 3,033,816 | 2,796,222 | 2,681,454 | 2,452,540 | 2,119,189 | 1,951,535 | 1,850,506 | 1,756,813 | 1,894,003 | 2,036,964 |
| Number Of Employees | 94 | 92 | 87 | 82 | 96 | 92 | 84 | 82 | 82 | 73 | 68 | 71 | 71 | 67 | 68 |
| EBITDA* | 1,956,029 | 1,921,968 | 2,039,902 | 2,291,949 | 1,996,194 | 1,577,463 | 950,057 | 1,027,216 | 1,177,752 | 1,003,190 | 356,823 | 413,988 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 867,884 | 866,766 | 712,013 | 762,878 | 721,479 | 717,451 | 729,305 | 816,339 | 860,731 | 868,650 | 529,250 | 473,268 | 453,203 | 334,831 | 316,268 |
| Intangible Assets | 37,939 | 44,728 | 59,842 | 29,041 | 23,828 | ||||||||||
| Investments & Other | 157,461 | 67,783 | 67,783 | 107,911 | 39,532 | 35,375 | 32,946 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 905,823 | 911,494 | 771,855 | 791,919 | 745,307 | 717,451 | 729,305 | 816,339 | 1,018,192 | 936,433 | 597,033 | 581,179 | 492,735 | 370,206 | 349,214 |
| Stock & work in progress | 3,971,943 | 4,255,515 | 3,436,379 | 3,304,034 | 3,965,885 | 3,500,112 | 3,452,287 | 3,034,649 | 2,686,145 | 2,807,259 | 2,605,442 | 2,277,007 | 2,217,723 | 2,072,682 | 1,965,678 |
| Trade Debtors | 3,394,422 | 3,422,696 | 3,285,583 | 2,825,521 | 3,328,927 | 3,070,876 | 3,426,613 | 2,628,368 | 3,171,708 | 2,644,574 | 2,055,107 | 2,067,766 | 2,239,107 | 1,800,135 | 1,687,040 |
| Group Debtors | 143,848 | 1,682 | 189,922 | 35,132 | 66,803 | 105,562 | 69,104 | 84,480 | 125,548 | 237,036 | 196,851 | 136,175 | 260,889 | 136,828 | 134,411 |
| Misc Debtors | 254,092 | 252,645 | 268,202 | 257,774 | 243,068 | 205,337 | 223,467 | 207,092 | 202,330 | 134,778 | 169,652 | 193,013 | 187,069 | 180,929 | 156,416 |
| Cash | 2,241,952 | 2,046,672 | 2,012,044 | 4,114,289 | 2,129,399 | 1,990,341 | 1,547,500 | 1,516,299 | 1,516,870 | 1,123,573 | 958,426 | 1,367,508 | 1,356,837 | 1,585,592 | 1,785,888 |
| misc current assets | |||||||||||||||
| total current assets | 10,006,257 | 9,979,210 | 9,192,130 | 10,536,750 | 9,734,082 | 8,872,228 | 8,718,971 | 7,470,888 | 7,702,601 | 6,947,220 | 5,985,478 | 6,041,469 | 6,261,625 | 5,776,166 | 5,729,433 |
| total assets | 10,912,080 | 10,890,704 | 9,963,985 | 11,328,669 | 10,479,389 | 9,589,679 | 9,448,276 | 8,287,227 | 8,720,793 | 7,883,653 | 6,582,511 | 6,622,648 | 6,754,360 | 6,146,372 | 6,078,647 |
| Bank overdraft | |||||||||||||||
| Bank loan | 225,000 | ||||||||||||||
| Trade Creditors | 2,987,152 | 2,940,473 | 2,623,949 | 1,958,310 | 2,505,278 | 2,521,766 | 2,902,297 | 2,898,927 | 2,445,034 | 2,308,051 | 1,905,277 | 1,650,215 | 2,189,155 | 1,632,289 | 1,858,479 |
| Group/Directors Accounts | 151,231 | 14,210 | 103,699 | 250,314 | 1,540 | 2,055 | 10,240 | 40,000 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,289,295 | 1,093,385 | 719,700 | 739,023 | 790,895 | 829,367 | 864,137 | 744,844 | 853,080 | 779,870 | 544,930 | 762,771 | 654,140 | 546,698 | 487,575 |
| total current liabilities | 4,427,678 | 4,048,068 | 3,343,649 | 2,922,333 | 3,296,173 | 3,351,133 | 3,870,133 | 3,894,085 | 3,299,654 | 3,087,921 | 2,452,262 | 2,423,226 | 2,883,295 | 2,178,987 | 2,346,054 |
| loans | 1,275,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 70,876 | ||||||||||||||
| provisions | 140,908 | 155,502 | 150,154 | 119,442 | 107,452 | 85,680 | 92,637 | 87,700 | 86,991 | 141,700 | 51,381 | 49,000 | 51,000 | 42,000 | 29,000 |
| total long term liabilities | 140,908 | 155,502 | 150,154 | 1,394,442 | 107,452 | 85,680 | 92,637 | 158,576 | 86,991 | 141,700 | 51,381 | 49,000 | 51,000 | 42,000 | 29,000 |
| total liabilities | 4,568,586 | 4,203,570 | 3,493,803 | 4,316,775 | 3,403,625 | 3,436,813 | 3,962,770 | 4,052,661 | 3,386,645 | 3,229,621 | 2,503,643 | 2,472,226 | 2,934,295 | 2,220,987 | 2,375,054 |
| net assets | 6,343,494 | 6,687,134 | 6,470,182 | 7,011,894 | 7,075,764 | 6,152,866 | 5,485,506 | 4,234,566 | 5,334,148 | 4,654,032 | 4,078,868 | 4,150,422 | 3,820,065 | 3,925,385 | 3,703,593 |
| total shareholders funds | 6,343,494 | 6,687,134 | 6,470,182 | 7,011,894 | 7,075,764 | 6,152,866 | 5,485,506 | 4,234,566 | 5,334,148 | 4,654,032 | 4,078,868 | 4,150,422 | 3,820,065 | 3,925,385 | 3,703,593 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,740,060 | 1,727,984 | 1,851,424 | 2,098,373 | 1,791,926 | 1,400,466 | 818,299 | 909,579 | 1,065,899 | 916,815 | 282,624 | 303,199 | |||
| Depreciation | 250,251 | 214,717 | 208,190 | 187,386 | 187,169 | 192,729 | 193,576 | 204,268 | 176,997 | 131,758 | 117,637 | 111,853 | 86,375 | 74,199 | 110,789 |
| Amortisation | 6,789 | 15,114 | 7,779 | 6,598 | 1,309 | ||||||||||
| Tax | -436,165 | -259,739 | -281,269 | -247,977 | -328,526 | -355,476 | -349,301 | -353,104 | -262,590 | -155,381 | -190,403 | -252,291 | -228,688 | -68,332 | -106,960 |
| Stock | -283,572 | 819,136 | 132,345 | -661,851 | 465,773 | 47,825 | 417,638 | 348,504 | -121,114 | 201,817 | 328,435 | 59,284 | 145,041 | 107,004 | 1,965,678 |
| Debtors | 115,339 | -66,684 | 625,280 | -520,371 | 257,023 | -337,409 | 799,244 | -579,646 | 483,198 | 594,778 | 24,656 | -290,111 | 569,173 | 140,025 | 1,977,867 |
| Creditors | 46,679 | 316,524 | 665,639 | -546,968 | -16,488 | -380,531 | 3,370 | 453,893 | 136,983 | 402,774 | 255,062 | -538,940 | 556,866 | -226,190 | 1,858,479 |
| Accruals and Deferred Income | 195,910 | 373,685 | -19,323 | -51,872 | -38,472 | -34,770 | 119,293 | -108,236 | 73,210 | 234,940 | -217,841 | 108,631 | 107,442 | 59,123 | 487,575 |
| Deferred Taxes & Provisions | -14,594 | 5,348 | 30,712 | 11,990 | 21,772 | -6,957 | 4,937 | 709 | -54,709 | 90,319 | 2,381 | -2,000 | 9,000 | 13,000 | 29,000 |
| Cash flow from operations | 1,594,163 | 2,269,363 | 955,392 | 853,366 | 2,220,598 | 1,108,273 | 726,114 | 523,324 | 723,979 | 733,596 | -112,605 | -1,261,463 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -157,461 | 89,678 | -40,128 | 68,379 | 4,157 | 2,429 | 32,946 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -225,000 | 225,000 | |||||||||||||
| Group/Directors Accounts | 137,021 | 14,210 | -103,699 | -146,615 | 248,774 | 1,540 | -2,055 | -8,185 | -29,760 | 40,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,275,000 | 1,275,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -70,876 | 70,876 | |||||||||||||
| share issue | |||||||||||||||
| interest | -503 | -43,877 | 1,868 | 7,418 | 5,586 | 829 | 131 | 2,942 | 4,787 | ||||||
| cash flow from financing | 137,021 | 14,210 | -1,500,503 | 1,456,123 | -103,699 | -215,623 | 241,246 | -10,929 | 67,423 | 26,213 | -28,931 | 40,129 | 2,943 | 4,326,496 | |
| cash and cash equivalents | |||||||||||||||
| cash | 195,280 | 34,628 | -2,102,245 | 1,984,890 | 139,058 | 442,841 | 31,201 | -571 | 393,297 | 165,147 | -409,082 | 10,671 | -228,755 | -200,296 | 1,785,888 |
| overdraft | |||||||||||||||
| change in cash | 195,280 | 34,628 | -2,102,245 | 1,984,890 | 139,058 | 442,841 | 31,201 | -571 | 393,297 | 165,147 | -409,082 | 10,671 | -228,755 | -200,296 | 1,785,888 |
panaz limited Credit Report and Business Information
Panaz Limited Competitor Analysis
Perform a competitor analysis for panaz limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BB11 area or any other competitors across 12 key performance metrics.
panaz limited Ownership
PANAZ LIMITED group structure
Panaz Limited has no subsidiary companies.
panaz limited directors
Panaz Limited currently has 5 directors. The longest serving directors include Mr Anthony Attard (Nov 1991) and Mrs Patricia Attard (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Attard | England | 66 years | Nov 1991 | - | Director |
| Mrs Patricia Attard | United Kingdom | 65 years | Aug 2017 | - | Director |
| Mr Nadeem Memon | England | 45 years | Apr 2020 | - | Director |
| Mr Rollie Attard | England | 36 years | Apr 2020 | - | Director |
| Mrs Sarah Lloyd | 55 years | Apr 2024 | - | Director |
P&L
March 2024turnover
21m
+8%
operating profit
1.4m
0%
gross margin
42.4%
-2.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.3m
-0.05%
total assets
10.9m
0%
cash
2.2m
+0.1%
net assets
Total assets minus all liabilities
panaz limited company details
company number
01944865
Type
Private limited with Share Capital
industry
13960 - Manufacture of other technical and industrial textiles
incorporation date
September 1985
age
40
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PM & M SOLUTIONS FOR BUSINESS LLP
address
panaz hq, bentley wood way, network 65 bus, burnley, lancashire, BB11 5ST
Bank
HSBC BANK PLC
Legal Advisor
-
panaz 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 did not find charges/mortgages relating to panaz limited.
panaz limited Capital Raised & Share Issues BETA
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panaz limited Companies House Filings - See Documents
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