panaz limited

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panaz limited Company Information

Share PANAZ LIMITED

Company Number

01944865

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

panaz limited Estimated Valuation

£6m

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

£9.9m

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

£8.7m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

5 Regular

positive_score

1 Weak

size

Size

annual sales of £21m, make it in line with the average company (£18.2m)

£21m - Panaz Limited

£18.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8%)

16% - Panaz Limited

8% - Industry AVG

production

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

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

Employees

with 94 employees, this is similar to the industry average (92)

94 - Panaz Limited

92 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £223.6k, this is more efficient (£157.8k)

£223.6k - Panaz Limited

£157.8k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 89 days, this is slower than average (47 days)

89 days - Panaz Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 119 days, this is more than average (90 days)

119 days - Panaz Limited

90 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover21,019,70619,524,42616,926,83713,454,00817,734,23317,681,40818,036,57616,333,68015,671,59613,473,21412,311,02312,220,20511,817,13010,284,47211,061,498
Other Income Or Grants
Cost Of Sales12,116,25111,015,8919,576,9187,946,52910,550,90910,356,76610,760,3909,902,1049,935,9518,634,8757,773,5577,689,7507,603,3376,600,6277,254,893
Gross Profit8,903,4558,508,5357,349,9195,507,4797,183,3247,324,6427,276,1866,431,5765,735,6454,838,3394,537,4664,530,4554,213,7933,683,8453,806,605
Admin Expenses7,474,2187,092,3735,609,8593,779,4955,331,9005,279,4405,177,8134,639,6504,335,1794,020,0403,627,8873,464,5563,296,9783,401,2213,503,406
Operating Profit1,429,2371,416,1621,740,0601,727,9841,851,4242,045,2022,098,3731,791,9261,400,466818,299909,5791,065,899916,815282,624303,199
Interest Payable50343,877
Interest Receivable1,8687,4185,5868291312,9424,787
Pre-Tax Profit1,592,5251,476,6911,739,5571,684,1071,851,4242,022,8362,100,2411,799,3441,505,175821,067875,0371,082,648923,370290,123564,257
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 Tax1,156,3601,216,9521,458,2881,436,1301,522,8981,667,3601,750,9401,446,2401,242,585665,686684,634830,357694,682221,791457,297
Dividends Paid1,500,0001,000,0002,000,0001,500,000600,0001,000,000500,0002,460,000550,000160,000785,000500,000800,0001,075,413
Retained Profit-343,640216,952-541,712-63,870922,898667,3601,250,940-1,013,760692,585505,686-100,366330,357-105,318221,791-618,116
Employee Costs3,877,6793,708,7502,996,0322,627,4203,156,6103,033,8162,796,2222,681,4542,452,5402,119,1891,951,5351,850,5061,756,8131,894,0032,036,964
Number Of Employees949287829692848282736871716768
EBITDA*1,686,2771,645,9931,956,0291,921,9682,039,9022,237,9312,291,9491,996,1941,577,463950,0571,027,2161,177,7521,003,190356,823413,988

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets867,884866,766712,013762,878721,479717,451729,305816,339860,731868,650529,250473,268453,203334,831316,268
Intangible Assets37,93944,72859,84229,04123,828
Investments & Other157,46167,78367,783107,91139,53235,37532,946
Debtors (Due After 1 year)
Total Fixed Assets905,823911,494771,855791,919745,307717,451729,305816,3391,018,192936,433597,033581,179492,735370,206349,214
Stock & work in progress3,971,9434,255,5153,436,3793,304,0343,965,8853,500,1123,452,2873,034,6492,686,1452,807,2592,605,4422,277,0072,217,7232,072,6821,965,678
Trade Debtors3,394,4223,422,6963,285,5832,825,5213,328,9273,070,8763,426,6132,628,3683,171,7082,644,5742,055,1072,067,7662,239,1071,800,1351,687,040
Group Debtors143,8481,682189,92235,13266,803105,56269,10484,480125,548237,036196,851136,175260,889136,828134,411
Misc Debtors254,092252,645268,202257,774243,068205,337223,467207,092202,330134,778169,652193,013187,069180,929156,416
Cash2,241,9522,046,6722,012,0444,114,2892,129,3991,990,3411,547,5001,516,2991,516,8701,123,573958,4261,367,5081,356,8371,585,5921,785,888
misc current assets
total current assets10,006,2579,979,2109,192,13010,536,7509,734,0828,872,2288,718,9717,470,8887,702,6016,947,2205,985,4786,041,4696,261,6255,776,1665,729,433
total assets10,912,08010,890,7049,963,98511,328,66910,479,3899,589,6799,448,2768,287,2278,720,7937,883,6536,582,5116,622,6486,754,3606,146,3726,078,647
Bank overdraft
Bank loan225,000
Trade Creditors 2,987,1522,940,4732,623,9491,958,3102,505,2782,521,7662,902,2972,898,9272,445,0342,308,0511,905,2771,650,2152,189,1551,632,2891,858,479
Group/Directors Accounts151,23114,210103,699250,3141,5402,05510,24040,000
other short term finances
hp & lease commitments
other current liabilities1,289,2951,093,385719,700739,023790,895829,367864,137744,844853,080779,870544,930762,771654,140546,698487,575
total current liabilities4,427,6784,048,0683,343,6492,922,3333,296,1733,351,1333,870,1333,894,0853,299,6543,087,9212,452,2622,423,2262,883,2952,178,9872,346,054
loans1,275,000
hp & lease commitments
Accruals and Deferred Income
other liabilities70,876
provisions140,908155,502150,154119,442107,45285,68092,63787,70086,991141,70051,38149,00051,00042,00029,000
total long term liabilities140,908155,502150,1541,394,442107,45285,68092,637158,57686,991141,70051,38149,00051,00042,00029,000
total liabilities4,568,5864,203,5703,493,8034,316,7753,403,6253,436,8133,962,7704,052,6613,386,6453,229,6212,503,6432,472,2262,934,2952,220,9872,375,054
net assets6,343,4946,687,1346,470,1827,011,8947,075,7646,152,8665,485,5064,234,5665,334,1484,654,0324,078,8684,150,4223,820,0653,925,3853,703,593
total shareholders funds6,343,4946,687,1346,470,1827,011,8947,075,7646,152,8665,485,5064,234,5665,334,1484,654,0324,078,8684,150,4223,820,0653,925,3853,703,593
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,429,2371,416,1621,740,0601,727,9841,851,4242,045,2022,098,3731,791,9261,400,466818,299909,5791,065,899916,815282,624303,199
Depreciation250,251214,717208,190187,386187,169192,729193,576204,268176,997131,758117,637111,85386,37574,199110,789
Amortisation6,78915,1147,7796,5981,309
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-283,572819,136132,345-661,851465,77347,825417,638348,504-121,114201,817328,43559,284145,041107,0041,965,678
Debtors115,339-66,684625,280-520,371257,023-337,409799,244-579,646483,198594,77824,656-290,111569,173140,0251,977,867
Creditors46,679316,524665,639-546,968-16,488-380,5313,370453,893136,983402,774255,062-538,940556,866-226,1901,858,479
Accruals and Deferred Income195,910373,685-19,323-51,872-38,472-34,770119,293-108,23673,210234,940-217,841108,631107,44259,123487,575
Deferred Taxes & Provisions-14,5945,34830,71211,99021,772-6,9574,937709-54,70990,3192,381-2,0009,00013,00029,000
Cash flow from operations1,646,3401,329,3591,594,1632,269,363955,3921,749,781853,3662,220,5981,108,273726,114523,324723,979733,596-112,605-1,261,463
Investing Activities
capital expenditure-251,369-369,470-195,905-240,596-216,334-180,875-106,542-159,876-169,078-471,158-173,619-131,918-204,747-92,762-427,057
Change in Investments-157,46189,678-40,12868,3794,1572,42932,946
cash flow from investments-251,369-369,470-195,905-240,596-216,334-180,875-106,542-2,415-258,756-471,158-133,491-200,297-208,904-95,191-460,003
Financing Activities
Bank loans-225,000225,000
Group/Directors Accounts137,02114,210-103,699-146,615248,7741,540-2,055-8,185-29,76040,000
Other Short Term Loans
Long term loans-1,275,0001,275,000
Hire Purchase and Lease Commitments
other long term liabilities-70,87670,876
share issue-85,822-12,46969,47828,812-214,321,709
interest-503-43,8771,8687,4185,5868291312,9424,787
cash flow from financing137,02114,210-1,500,5031,456,123-103,699-215,623241,246-10,92967,42326,213-28,93140,1292,9434,326,496
cash and cash equivalents
cash195,28034,628-2,102,2451,984,890139,058442,84131,201-571393,297165,147-409,08210,671-228,755-200,2961,785,888
overdraft
change in cash195,28034,628-2,102,2451,984,890139,058442,84131,201-571393,297165,147-409,08210,671-228,755-200,2961,785,888

panaz limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Panaz Limited Competitor Analysis

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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.

Ultimate parent company

1 parent

PANAZ LIMITED

01944865

PANAZ LIMITED Shareholders

panaz holdings ltd 100%

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).

officercountryagestartendrole
Mr Anthony AttardEngland66 years Nov 1991- Director
Mrs Patricia AttardUnited Kingdom65 years Aug 2017- Director
Mr Nadeem MemonEngland45 years Apr 2020- Director
Mr Rollie AttardEngland36 years Apr 2020- Director
Mrs Sarah Lloyd55 years Apr 2024- Director

P&L

March 2024

turnover

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 2024

net 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

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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panaz limited Companies House Filings - See Documents

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