Pomanda estimates the enterprise value of INCOREZ LIMITED at £45.2m based on a Turnover of £34.8m and 1.3x industry multiple (adjusted for size and gross margin).
incorez limitedEstimated Valuation
£75.7m
Pomanda estimates the enterprise value of INCOREZ LIMITED at £75.7m based on an EBITDA of £8.8m and a 8.56x industry multiple (adjusted for size and gross margin).
incorez limitedEstimated Valuation
£14m
Pomanda estimates the enterprise value of INCOREZ LIMITED at £14m based on Net Assets of £7.3m and 1.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Incorez LimitedOverview
Incorez Limited is a live company located in lancashire, PR1 1EA with a Companies House number of 02033501. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in July 1986, it's largest shareholder is
sika ag
with a 100% stake. Incorez Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£34.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Incorez Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
3 Regular
1 Weak
Size
annual sales of £34.8m, make it larger than the average company (£21m)
£34.8m - Incorez Limited
£21m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.1%)
19% - Incorez Limited
8.1% - Industry AVG
Production
with a gross margin of 49.7%, this company has a lower cost of product (29.5%)
49.7% - Incorez Limited
29.5% - Industry AVG
Profitability
an operating margin of 23.6% make it more profitable than the average company (5.9%)
23.6% - Incorez Limited
5.9% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (55)
46 - Incorez Limited
55 - Industry AVG
Pay Structure
on an average salary of £58.8k, the company has an equivalent pay structure (£54.6k)
£58.8k - Incorez Limited
£54.6k - Industry AVG
Efficiency
resulting in sales per employee of £756.9k, this is more efficient (£358.8k)
£756.9k - Incorez Limited
£358.8k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (48 days)
12 days - Incorez Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (37 days)
10 days - Incorez Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 53 days, this is in line with average (66 days)
53 days - Incorez Limited
66 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Incorez Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.4%, this is a lower level of debt than the average (40%)
28.4% - Incorez Limited
40% - Industry AVG
INCOREZ LIMITED financials
EXPORT
Incorez Limited's latest turnover from December 2023 is £34.8 million and the company has net assets of £7.3 million. According to their latest financial statements, Incorez Limited has 46 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
34,817,201
29,881,995
25,409,096
20,732,423
21,833,647
20,998,613
18,223,375
15,711,970
15,058,974
14,900,056
14,195,736
11,576,037
12,138,714
11,114,588
11,349,706
Other Income Or Grants
Cost Of Sales
17,502,158
16,192,126
14,214,673
10,796,141
11,919,528
14,428,308
12,516,851
10,866,755
10,415,825
11,043,929
10,143,119
8,742,983
9,141,588
8,013,488
7,624,050
Gross Profit
17,315,043
13,689,869
11,194,423
9,936,282
9,914,119
6,570,305
5,706,524
4,845,215
4,643,149
3,856,127
4,052,617
2,833,054
2,997,126
3,101,100
3,725,656
Admin Expenses
9,097,048
7,323,902
6,390,917
5,863,925
5,815,416
2,923,743
3,264,629
2,995,971
2,500,008
2,266,664
2,537,131
2,470,798
2,489,710
2,447,947
2,509,915
Operating Profit
8,217,995
6,365,967
4,803,506
4,072,357
4,098,703
3,646,562
2,441,895
1,849,244
2,143,141
1,589,463
1,515,486
362,256
507,416
653,153
1,215,741
Interest Payable
151,876
72,089
53,764
61,626
74,696
74,178
84,424
101,156
71,345
94,547
148,294
174,861
168,815
111,144
11,244
Interest Receivable
87
17
33
24
66
55
3,180
86
6
149
35
Pre-Tax Profit
8,066,206
6,293,895
4,749,775
4,081,297
4,024,073
3,572,439
2,360,651
1,748,088
2,071,882
1,494,916
1,367,192
187,395
338,607
1,118,844
1,204,532
Tax
-1,201,741
-1,106,500
-1,037,466
-808,655
-697,340
-678,809
-429,888
-254,766
-541,399
-317,141
-248,636
-19,568
-42,337
-306,388
-292,317
Profit After Tax
6,864,465
5,187,395
3,712,309
3,272,642
3,326,733
2,893,630
1,930,763
1,493,322
1,530,483
1,177,775
1,118,556
167,827
296,270
812,456
912,215
Dividends Paid
6,204,000
3,200,000
3,400,000
3,301,000
3,500,000
1,900,000
100,000
1,800,000
1,100,000
600,000
600,000
200,000
300,000
6,085,851
1,319,639
Retained Profit
660,465
1,987,395
312,309
-28,358
-173,267
993,630
1,830,763
-306,678
430,483
577,775
518,556
-32,173
-3,730
-5,273,395
-407,424
Employee Costs
2,704,381
2,714,739
2,388,541
2,414,558
2,272,671
2,534,776
2,392,351
2,198,032
2,152,114
2,117,893
2,595,664
2,432,496
2,356,413
2,297,619
2,189,120
Number Of Employees
46
50
45
45
46
44
45
48
44
47
50
53
54
52
50
EBITDA*
8,844,690
6,983,543
5,403,621
4,668,360
4,485,231
3,977,117
2,738,552
2,157,289
2,544,913
1,971,854
1,842,034
718,469
795,939
862,047
1,457,483
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
4,203,833
4,460,241
3,898,130
4,273,486
4,638,110
4,728,341
4,561,210
4,203,488
3,350,297
2,087,829
1,998,418
2,153,795
2,223,144
2,188,802
1,326,906
Intangible Assets
35,635
309
27,690
55,383
83,075
110,767
170,314
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,239,468
4,460,241
3,898,130
4,273,486
4,638,419
4,728,341
4,588,900
4,258,871
3,433,372
2,198,596
1,998,418
2,153,795
2,223,144
2,188,802
1,497,220
Stock & work in progress
2,563,128
2,376,312
4,495,831
1,563,056
2,037,591
1,721,186
1,544,134
1,470,222
1,775,597
1,208,379
1,569,904
1,471,702
1,228,053
1,160,670
828,555
Trade Debtors
1,215,824
847,043
983,104
823,472
789,683
673,972
705,756
497,652
574,212
568,724
564,017
354,108
528,097
763,803
516,919
Group Debtors
1,817,169
918,079
1,478,032
1,158,807
792,453
943,398
838,102
1,297,508
1,103,513
2,358,558
3,408,668
1,855,901
896,842
2,372,190
5,638,649
Misc Debtors
329,896
213,674
330,292
146,307
51,538
71,902
160,222
194,631
168,539
51,051
43,609
62,053
162,134
51,586
57,529
Cash
722
497
20,153
54,106
misc current assets
total current assets
5,926,017
4,355,108
7,287,259
3,691,642
3,671,265
3,410,458
3,248,936
3,460,013
3,621,861
4,187,209
5,586,198
3,763,917
2,869,232
4,348,249
7,041,652
total assets
10,165,485
8,815,349
11,185,389
7,965,128
8,309,684
8,138,799
7,837,836
7,718,884
7,055,233
6,385,805
7,584,616
5,917,712
5,092,376
6,537,051
8,538,872
Bank overdraft
73,690
79,534
Bank loan
Trade Creditors
498,471
513,202
1,590,259
1,581,863
979,921
1,350,180
1,119,023
799,519
819,836
788,541
630,560
419,174
528,160
613,581
488,584
Group/Directors Accounts
39,711
400,732
3,572,193
1,003,482
1,841,342
938,839
2,284,319
3,756,628
2,512,638
2,515,871
4,295,342
3,594,184
2,532,892
3,787,447
226,218
other short term finances
hp & lease commitments
other current liabilities
1,603,609
555,538
838,680
635,742
745,369
993,855
633,223
355,280
632,863
466,207
587,384
306,411
373,563
416,277
880,584
total current liabilities
2,141,791
1,469,472
6,001,132
3,221,087
3,566,632
3,282,874
4,036,565
4,911,427
3,965,337
3,770,619
5,513,286
4,319,769
3,434,615
4,890,995
1,674,920
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
742,224
724,872
550,647
422,740
393,393
332,999
271,975
208,924
184,685
140,458
174,377
219,546
247,191
231,756
176,257
total long term liabilities
742,224
724,872
550,647
422,740
393,393
332,999
271,975
208,924
184,685
140,458
174,377
219,546
247,191
231,756
176,257
total liabilities
2,884,015
2,194,344
6,551,779
3,643,827
3,960,025
3,615,873
4,308,540
5,120,351
4,150,022
3,911,077
5,687,663
4,539,315
3,681,806
5,122,751
1,851,177
net assets
7,281,470
6,621,005
4,633,610
4,321,301
4,349,659
4,522,926
3,529,296
2,598,533
2,905,211
2,474,728
1,896,953
1,378,397
1,410,570
1,414,300
6,687,695
total shareholders funds
7,281,470
6,621,005
4,633,610
4,321,301
4,349,659
4,522,926
3,529,296
2,598,533
2,905,211
2,474,728
1,896,953
1,378,397
1,410,570
1,414,300
6,687,695
Dec 2023
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
8,217,995
6,365,967
4,803,506
4,072,357
4,098,703
3,646,562
2,441,895
1,849,244
2,143,141
1,589,463
1,515,486
362,256
507,416
653,153
1,215,741
Depreciation
619,568
617,576
600,115
595,694
385,284
302,865
268,965
280,353
374,080
354,699
326,548
356,213
288,523
208,894
221,151
Amortisation
7,127
309
1,244
27,690
27,692
27,692
27,692
27,692
20,591
Tax
-1,201,741
-1,106,500
-1,037,466
-808,655
-697,340
-678,809
-429,888
-254,766
-541,399
-317,141
-248,636
-19,568
-42,337
-306,388
-292,317
Stock
186,816
-2,119,519
2,932,775
-474,535
316,405
177,052
73,912
-305,375
567,218
-361,525
98,202
243,649
67,383
332,115
828,555
Debtors
1,384,093
-812,632
662,842
494,912
-55,598
-14,808
-285,711
143,527
-1,132,069
-1,037,961
1,744,232
684,989
-1,600,506
-3,025,518
6,213,097
Creditors
-14,731
-1,077,057
8,396
601,942
-370,259
231,157
319,504
-20,317
31,295
157,981
211,386
-108,986
-85,421
124,997
488,584
Accruals and Deferred Income
1,048,071
-283,142
202,938
-109,627
-248,486
360,632
277,943
-277,583
166,656
-121,177
280,973
-67,152
-42,714
-464,307
880,584
Deferred Taxes & Provisions
17,352
174,225
127,907
29,347
60,394
61,024
63,051
24,239
44,227
-33,919
-45,169
-27,645
15,435
55,499
176,257
Cash flow from operations
7,122,732
7,623,220
1,109,779
4,360,990
2,968,733
3,788,877
3,180,961
1,790,710
2,810,543
3,057,084
198,154
-433,520
2,174,025
2,965,251
-4,331,061
Investing Activities
capital expenditure
-405,922
-1,179,687
-224,759
-231,070
-296,606
-469,996
-626,686
-1,133,544
-1,636,548
-582,569
-171,171
-286,864
-322,865
-900,476
-1,738,962
Change in Investments
cash flow from investments
-405,922
-1,179,687
-224,759
-231,070
-296,606
-469,996
-626,686
-1,133,544
-1,636,548
-582,569
-171,171
-286,864
-322,865
-900,476
-1,738,962
Financing Activities
Bank loans
Group/Directors Accounts
-361,021
-3,171,461
2,568,711
-837,860
902,503
-1,345,480
-1,472,309
1,243,990
-3,233
-1,779,471
701,158
1,061,292
-1,254,555
3,561,229
226,218
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-900,000
7,095,119
interest
-151,789
-72,072
-53,731
-61,602
-74,630
-74,123
-81,244
-101,156
-71,259
-94,547
-148,294
-174,861
-168,809
-110,995
-11,209
cash flow from financing
-512,810
-3,243,533
2,514,980
-899,462
827,873
-1,419,603
-2,453,553
1,142,834
-74,492
-1,874,018
552,864
886,431
-1,423,364
3,450,234
7,310,128
cash and cash equivalents
cash
-722
722
-497
497
-20,153
-33,953
54,106
overdraft
-73,690
-5,844
79,534
change in cash
-722
722
-497
497
-20,153
-33,953
127,796
5,844
-79,534
incorez limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for incorez limited. Get real-time insights into incorez limited's credit score, group structure and payment trends.
Perform a competitor analysis for incorez limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in PR1 area or any other competitors across 12 key performance metrics.
incorez limited Ownership
INCOREZ LIMITED group structure
Incorez Limited has no subsidiary companies.
Ultimate parent company
SIKA AG
#0008105
1 parent
INCOREZ LIMITED
02033501
INCOREZ LIMITED Shareholders
The sole shareholder of Incorez Limited is Sika Ag.
sika ag
100%
incorez limited directors
Incorez Limited currently has 3 directors.
The longest serving directors include
Mr Daniel Lang (Oct 2014) and
Angel Gonzalez Lucas (Jul 2020).
20590 - Manufacture of other chemical products n.e.c.
incorporation date
July 1986
age
39
incorporated
UK
ultimate parent company
SIKA AG
accounts
Full Accounts
last accounts submitted
December 2023
previous names
industrial copolymers limited (March 2009)
copolymer engineering limited (November 1986)
accountant
-
auditor
LAMBERT CHAPMAN LLP
address
sika house miller street, preston, lancashire, PR1 1EA
Bank
CITIBANK N.A.
Legal Advisor
-
incorez 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 3 charges/mortgages relating to incorez limited. Currently there are 0 open charges and 3 have been satisfied in the past.
incorez 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 INCOREZ LIMITED. This can take several minutes, an email will notify you when this has completed.
incorez limitedCompanies House Filings - See Documents
