lincoln electric (u.k.) limited
lincoln electric (u.k.) limited Company Information
Company Number
01982670
Website
www.lincolnelectric.euRegistered Address
mansfield road, aston, sheffield, south yorkshire, S26 2BS
Industry
Cold drawing of wire
Telephone
01142872401
Next Accounts Due
September 2024
Group Structure
View All
Directors
Charles Fielden0 Years
Shareholders
lincoln electric uk holdings limited 100%
lincoln electric (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of LINCOLN ELECTRIC (U.K.) LIMITED at £38.2m based on a Turnover of £61.1m and 0.63x industry multiple (adjusted for size and gross margin).
lincoln electric (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of LINCOLN ELECTRIC (U.K.) LIMITED at £68.5m based on an EBITDA of £9.7m and a 7.08x industry multiple (adjusted for size and gross margin).
lincoln electric (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of LINCOLN ELECTRIC (U.K.) LIMITED at £39.6m based on Net Assets of £32.1m and 1.23x industry multiple (adjusted for liquidity).
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Lincoln Electric (u.k.) Limited Overview
Lincoln Electric (u.k.) Limited is a live company located in sheffield, S26 2BS with a Companies House number of 01982670. It operates in the cold drawing of wire sector, SIC Code 24340. Founded in January 1986, it's largest shareholder is lincoln electric uk holdings limited with a 100% stake. Lincoln Electric (u.k.) Limited is a mature, large sized company, Pomanda has estimated its turnover at £61.1m with high growth in recent years.
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Lincoln Electric (u.k.) Limited Health Check
Pomanda's financial health check has awarded Lincoln Electric (U.K.) Limited a 4 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 £61.1m, make it larger than the average company (£22.1m)
£61.1m - Lincoln Electric (u.k.) Limited
£22.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.3%)
18% - Lincoln Electric (u.k.) Limited
6.3% - Industry AVG
Production
with a gross margin of 30.4%, this company has a comparable cost of product (32%)
30.4% - Lincoln Electric (u.k.) Limited
32% - Industry AVG
Profitability
an operating margin of 12.9% make it less profitable than the average company (17.7%)
12.9% - Lincoln Electric (u.k.) Limited
17.7% - Industry AVG
Employees
with 177 employees, this is above the industry average (36)
177 - Lincoln Electric (u.k.) Limited
36 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has an equivalent pay structure (£55k)
£50.5k - Lincoln Electric (u.k.) Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £345.3k, this is less efficient (£525.4k)
£345.3k - Lincoln Electric (u.k.) Limited
£525.4k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is earlier than average (68 days)
52 days - Lincoln Electric (u.k.) Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (40 days)
33 days - Lincoln Electric (u.k.) Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is less than average (81 days)
57 days - Lincoln Electric (u.k.) Limited
81 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is average cash available to meet short term requirements (35 weeks)
32 weeks - Lincoln Electric (u.k.) Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.8%, this is a similar level of debt than the average (29.3%)
30.8% - Lincoln Electric (u.k.) Limited
29.3% - Industry AVG
LINCOLN ELECTRIC (U.K.) LIMITED financials
Lincoln Electric (U.K.) Limited's latest turnover from December 2022 is £61.1 million and the company has net assets of £32.1 million. According to their latest financial statements, Lincoln Electric (U.K.) Limited has 177 employees and maintains cash reserves of £9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 61,117,000 | 38,545,000 | 31,142,000 | 37,512,000 | 29,011,000 | 27,304,000 | 23,810,000 | 26,599,000 | 30,960,000 | 29,371,000 | 32,702,000 | 33,475,000 | 27,084,000 | 22,402,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 42,529,000 | 26,310,000 | 22,940,000 | 27,881,000 | 21,560,000 | 20,746,000 | 17,961,000 | 19,152,000 | 22,348,000 | 21,878,000 | 23,668,000 | 25,783,000 | 20,930,000 | 18,605,000 |
| Gross Profit | 18,588,000 | 12,235,000 | 8,202,000 | 9,631,000 | 7,451,000 | 6,558,000 | 5,849,000 | 7,447,000 | 8,612,000 | 7,493,000 | 9,034,000 | 7,692,000 | 6,154,000 | 3,797,000 |
| Admin Expenses | 10,704,000 | 3,899,000 | 5,353,000 | 6,646,000 | 5,162,000 | 4,238,000 | 4,284,000 | 4,064,000 | 4,072,000 | 3,947,000 | 4,221,000 | 3,906,000 | 3,761,000 | 3,164,000 |
| Operating Profit | 7,884,000 | 8,336,000 | 2,849,000 | 2,985,000 | 2,289,000 | 2,320,000 | 1,565,000 | 3,383,000 | 4,540,000 | 3,546,000 | 4,813,000 | 3,786,000 | 2,393,000 | 633,000 |
| Interest Payable | 28,000 | 123,000 | 152,000 | 202,000 | 147,000 | 149,000 | 0 | 0 | 1,148,000 | 1,030,000 | 1,003,000 | 1,036,000 | 1,000,000 | 890,000 |
| Interest Receivable | 258,000 | 515,000 | 308,000 | 140,000 | 193,000 | 86,000 | 122,000 | 96,000 | 117,000 | 192,000 | 1,133,000 | 1,324,000 | 1,035,000 | 890,000 |
| Pre-Tax Profit | 8,114,000 | 8,728,000 | 3,005,000 | 2,923,000 | 2,335,000 | 2,257,000 | 1,687,000 | 3,519,000 | 4,647,000 | 3,730,000 | 4,943,000 | 4,074,000 | 2,428,000 | 633,000 |
| Tax | -1,518,000 | -2,645,000 | -595,000 | -410,000 | -254,000 | -441,000 | -319,000 | -633,000 | -959,000 | -939,000 | -1,299,000 | -1,167,000 | -725,000 | -205,000 |
| Profit After Tax | 6,596,000 | 6,083,000 | 2,410,000 | 2,513,000 | 2,081,000 | 1,816,000 | 1,368,000 | 2,886,000 | 3,688,000 | 2,791,000 | 3,644,000 | 2,907,000 | 1,703,000 | 428,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 5,155,000 | 0 | 1,450,000 | 2,300,000 | 1,182,000 | 1,199,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 6,596,000 | 6,083,000 | 2,410,000 | 2,513,000 | -3,074,000 | 1,816,000 | -82,000 | 586,000 | 2,506,000 | 1,592,000 | 3,644,000 | 2,907,000 | 1,703,000 | 428,000 |
| Employee Costs | 8,941,000 | 3,095,000 | 5,662,000 | 6,791,000 | 4,265,000 | 3,100,000 | 3,048,000 | 3,295,000 | 3,308,000 | 3,149,000 | 2,972,000 | 2,746,000 | 2,750,000 | 2,416,000 |
| Number Of Employees | 177 | 76 | 83 | 91 | 79 | 66 | 75 | 75 | 75 | 75 | 73 | 74 | 71 | 75 |
| EBITDA* | 9,685,000 | 8,680,000 | 3,236,000 | 3,424,000 | 2,667,000 | 2,688,000 | 1,914,000 | 3,706,000 | 4,849,000 | 3,862,000 | 5,122,000 | 4,094,000 | 2,697,000 | 970,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,215,000 | 3,114,000 | 1,639,000 | 1,873,000 | 2,163,000 | 1,900,000 | 2,211,000 | 2,442,000 | 2,099,000 | 2,325,000 | 2,552,000 | 2,728,000 | 3,010,000 | 3,089,000 |
| Intangible Assets | 11,621,000 | 12,882,000 | 280,000 | 316,000 | 360,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,014,000 | 0 | 0 | 0 | 0 | 0 | 2,000 | 79,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 1,938,000 | 1,363,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,850,000 | 15,996,000 | 3,857,000 | 3,552,000 | 2,523,000 | 1,900,000 | 2,213,000 | 2,521,000 | 2,099,000 | 2,325,000 | 2,552,000 | 2,728,000 | 3,010,000 | 3,089,000 |
| Stock & work in progress | 6,662,000 | 6,937,000 | 2,474,000 | 2,828,000 | 2,963,000 | 1,738,000 | 1,917,000 | 2,500,000 | 3,399,000 | 2,815,000 | 2,671,000 | 3,159,000 | 2,937,000 | 2,481,000 |
| Trade Debtors | 8,763,000 | 8,869,000 | 5,262,000 | 6,043,000 | 6,641,000 | 4,027,000 | 3,454,000 | 3,731,000 | 4,180,000 | 4,316,000 | 5,071,000 | 5,105,000 | 4,593,000 | 3,916,000 |
| Group Debtors | 5,718,000 | 7,231,000 | 18,976,000 | 10,468,000 | 11,459,000 | 13,385,000 | 14,001,000 | 13,309,000 | 14,949,000 | 13,913,000 | 13,481,000 | 9,135,000 | 6,793,000 | 5,838,000 |
| Misc Debtors | 409,000 | 1,910,000 | 403,000 | 771,000 | 880,000 | 1,019,000 | 1,304,000 | 1,301,000 | 1,052,000 | 947,000 | 146,000 | 646,000 | 392,000 | 558,000 |
| Cash | 8,980,000 | 213,000 | 1,485,000 | 6,071,000 | 1,741,000 | 5,472,000 | 2,115,000 | 2,957,000 | 1,524,000 | 1,330,000 | 2,103,000 | 2,143,000 | 2,633,000 | 1,171,000 |
| misc current assets | 0 | 0 | 0 | 0 | 1,136,000 | 826,000 | 716,000 | 0 | 324,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,532,000 | 25,160,000 | 28,600,000 | 26,181,000 | 24,820,000 | 26,467,000 | 23,507,000 | 23,798,000 | 25,428,000 | 23,321,000 | 23,472,000 | 20,188,000 | 17,348,000 | 13,964,000 |
| total assets | 46,382,000 | 41,156,000 | 32,457,000 | 29,733,000 | 27,343,000 | 28,367,000 | 25,720,000 | 26,319,000 | 27,527,000 | 25,646,000 | 26,024,000 | 22,916,000 | 20,358,000 | 17,053,000 |
| Bank overdraft | 0 | 263,000 | 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 | 3,954,000 | 5,923,000 | 2,154,000 | 1,743,000 | 2,747,000 | 1,997,000 | 1,503,000 | 2,500,000 | 3,455,000 | 2,752,000 | 2,171,000 | 2,510,000 | 2,401,000 | 2,072,000 |
| Group/Directors Accounts | 4,783,000 | 5,471,000 | 4,778,000 | 5,013,000 | 4,456,000 | 3,747,000 | 4,050,000 | 4,023,000 | 3,278,000 | 2,765,000 | 2,732,000 | 2,424,000 | 2,018,000 | 1,295,000 |
| 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 | 2,000 | 7,000 | 9,000 | 11,000 | 14,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,528,000 | 3,527,000 | 1,696,000 | 1,616,000 | 1,455,000 | 850,000 | 639,000 | 659,000 | 742,000 | 755,000 | 921,000 | 1,110,000 | 1,399,000 | 484,000 |
| total current liabilities | 14,265,000 | 15,184,000 | 8,628,000 | 8,372,000 | 8,660,000 | 6,601,000 | 6,201,000 | 7,193,000 | 7,489,000 | 6,272,000 | 5,824,000 | 6,044,000 | 5,818,000 | 3,851,000 |
| 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 | 43,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 27,000 | 40,000 | 6,000 | 4,000 | 8,000 | 0 | 0 | 81,000 | 0 | 0 | 300,000 | 332,000 | 389,000 | 371,000 |
| total long term liabilities | 27,000 | 2,008,000 | 10,911,000 | 7,995,000 | 7,323,000 | 5,718,000 | 5,184,000 | 81,000 | 1,590,000 | 1,279,000 | 4,349,000 | 4,180,000 | 2,728,000 | 2,927,000 |
| total liabilities | 14,292,000 | 17,192,000 | 19,539,000 | 16,367,000 | 15,983,000 | 12,319,000 | 11,385,000 | 7,274,000 | 9,079,000 | 7,551,000 | 10,173,000 | 10,224,000 | 8,546,000 | 6,778,000 |
| net assets | 32,090,000 | 23,964,000 | 12,918,000 | 13,366,000 | 11,360,000 | 16,048,000 | 14,335,000 | 19,045,000 | 18,448,000 | 18,095,000 | 15,851,000 | 12,692,000 | 11,812,000 | 10,275,000 |
| total shareholders funds | 32,090,000 | 23,964,000 | 12,918,000 | 13,366,000 | 11,360,000 | 16,048,000 | 14,335,000 | 19,045,000 | 18,448,000 | 18,095,000 | 15,851,000 | 12,692,000 | 11,812,000 | 10,275,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 7,884,000 | 8,336,000 | 2,849,000 | 2,985,000 | 2,289,000 | 2,320,000 | 1,565,000 | 3,383,000 | 4,540,000 | 3,546,000 | 4,813,000 | 3,786,000 | 2,393,000 | 633,000 |
| Depreciation | 501,000 | 308,000 | 351,000 | 395,000 | 378,000 | 368,000 | 349,000 | 323,000 | 309,000 | 316,000 | 309,000 | 308,000 | 304,000 | 337,000 |
| Amortisation | 1,300,000 | 36,000 | 36,000 | 44,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,518,000 | -2,645,000 | -595,000 | -410,000 | -254,000 | -441,000 | -319,000 | -633,000 | -959,000 | -939,000 | -1,299,000 | -1,167,000 | -725,000 | -205,000 |
| Stock | -275,000 | 4,463,000 | -354,000 | -135,000 | 1,225,000 | -179,000 | -583,000 | -899,000 | 584,000 | 144,000 | -488,000 | 222,000 | 456,000 | 2,481,000 |
| Debtors | -3,120,000 | -8,569,000 | 7,934,000 | -335,000 | 549,000 | -328,000 | 418,000 | -1,840,000 | 1,005,000 | 478,000 | 3,812,000 | 3,108,000 | 1,466,000 | 10,312,000 |
| Creditors | -1,969,000 | 3,769,000 | 411,000 | -1,004,000 | 750,000 | 494,000 | -997,000 | -955,000 | 703,000 | 581,000 | -339,000 | 109,000 | 329,000 | 2,072,000 |
| Accruals and Deferred Income | 2,001,000 | 1,831,000 | 80,000 | 161,000 | 605,000 | 211,000 | -20,000 | -83,000 | -13,000 | -166,000 | -189,000 | -289,000 | 915,000 | 484,000 |
| Deferred Taxes & Provisions | -13,000 | 34,000 | 2,000 | -4,000 | 8,000 | 0 | -81,000 | 81,000 | 0 | -300,000 | -32,000 | -57,000 | 18,000 | 371,000 |
| Cash flow from operations | 11,581,000 | 15,775,000 | -4,446,000 | 2,637,000 | 3,459,000 | 662,000 | 4,855,000 | 2,991,000 | 2,416,000 | -61,000 | -640,000 | 1,312,000 | -9,101,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,014,000 | 0 | 0 | 0 | 0 | -2,000 | -77,000 | 79,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -688,000 | 693,000 | -235,000 | 557,000 | 709,000 | -303,000 | 27,000 | 745,000 | 513,000 | 33,000 | 308,000 | 406,000 | 723,000 | 1,295,000 |
| 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 | -2,000 | -5,000 | -2,000 | -2,000 | -3,000 | 14,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,000 | 43,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 230,000 | 392,000 | 156,000 | -62,000 | 46,000 | -63,000 | 122,000 | 96,000 | -1,031,000 | -838,000 | 130,000 | 288,000 | 35,000 | 0 |
| cash flow from financing | 1,072,000 | 6,048,000 | -2,937,000 | -14,000 | -864,000 | -471,000 | -4,481,000 | 806,000 | -2,614,000 | -153,000 | -47,000 | -1,333,000 | 592,000 | 11,142,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 8,767,000 | -1,272,000 | -4,586,000 | 4,330,000 | -3,731,000 | 3,357,000 | -842,000 | 1,433,000 | 194,000 | -773,000 | -40,000 | -490,000 | 1,462,000 | 1,171,000 |
| overdraft | -263,000 | 263,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,030,000 | -1,535,000 | -4,586,000 | 4,330,000 | -3,731,000 | 3,357,000 | -842,000 | 1,433,000 | 194,000 | -773,000 | -40,000 | -490,000 | 1,462,000 | 1,171,000 |
lincoln electric (u.k.) limited Credit Report and Business Information
Lincoln Electric (u.k.) Limited Competitor Analysis
Perform a competitor analysis for lincoln electric (u.k.) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in S26 area or any other competitors across 12 key performance metrics.
lincoln electric (u.k.) limited Ownership
LINCOLN ELECTRIC (U.K.) LIMITED group structure
Lincoln Electric (U.K.) Limited has no subsidiary companies.
Ultimate parent company
LINCOLN ELECTRIC HOLDINGS INC
#0068876
2 parents
LINCOLN ELECTRIC (U.K.) LIMITED
01982670
lincoln electric (u.k.) limited directors
Lincoln Electric (U.K.) Limited currently has 1 director, Mr Charles Fielden serving since Apr 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Fielden | 54 years | Apr 2024 | - | Director |
P&L
December 2022turnover
61.1m
+59%
operating profit
7.9m
-5%
gross margin
30.5%
-4.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
32.1m
+0.34%
total assets
46.4m
+0.13%
cash
9m
+41.16%
net assets
Total assets minus all liabilities
lincoln electric (u.k.) limited company details
company number
01982670
Type
Private limited with Share Capital
industry
24340 - Cold drawing of wire
incorporation date
January 1986
age
38
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
lincoln weldro limited (January 1993)
norweld (uk) limited (December 1988)
last accounts submitted
December 2022
address
mansfield road, aston, sheffield, south yorkshire, S26 2BS
accountant
-
auditor
AZETS AUDIT SERVICES LIMITED
lincoln electric (u.k.) 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 1 charges/mortgages relating to lincoln electric (u.k.) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
lincoln electric (u.k.) limited Companies House Filings - See Documents
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