c. & g. welding services (scunthorpe) ltd.
c. & g. welding services (scunthorpe) ltd. Company Information
Company Number
02149442
Next Accounts
Jun 2025
Shareholders
pls precision engineering limited
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
50-54 oswald road, scunthorpe, north lincolnshire, DN15 7PQ
Website
-c. & g. welding services (scunthorpe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of C. & G. WELDING SERVICES (SCUNTHORPE) LTD. at £16k based on a Turnover of £44k and 0.36x industry multiple (adjusted for size and gross margin).
c. & g. welding services (scunthorpe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of C. & G. WELDING SERVICES (SCUNTHORPE) LTD. at £3 based on an EBITDA of £1 and a 2.99x industry multiple (adjusted for size and gross margin).
c. & g. welding services (scunthorpe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of C. & G. WELDING SERVICES (SCUNTHORPE) LTD. at £929 based on Net Assets of £361 and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
C. & G. Welding Services (scunthorpe) Ltd. Overview
C. & G. Welding Services (scunthorpe) Ltd. is a live company located in north lincolnshire, DN15 7PQ with a Companies House number of 02149442. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 1987, it's largest shareholder is pls precision engineering limited with a 100% stake. C. & G. Welding Services (scunthorpe) Ltd. is a mature, micro sized company, Pomanda has estimated its turnover at £44k with declining growth in recent years.
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C. & G. Welding Services (scunthorpe) Ltd. Health Check
Pomanda's financial health check has awarded C. & G. Welding Services (Scunthorpe) Ltd. a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £44k, make it smaller than the average company (£3.9m)
- C. & G. Welding Services (scunthorpe) Ltd.
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6.1%)
- C. & G. Welding Services (scunthorpe) Ltd.
6.1% - Industry AVG
Production
with a gross margin of 17.4%, this company has a higher cost of product (33.5%)
- C. & G. Welding Services (scunthorpe) Ltd.
33.5% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6.4%)
- C. & G. Welding Services (scunthorpe) Ltd.
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (27)
1 - C. & G. Welding Services (scunthorpe) Ltd.
27 - Industry AVG
Pay Structure
on an average salary of £55.4k, the company has an equivalent pay structure (£55.4k)
- C. & G. Welding Services (scunthorpe) Ltd.
£55.4k - Industry AVG
Efficiency
resulting in sales per employee of £44k, this is less efficient (£126.1k)
- C. & G. Welding Services (scunthorpe) Ltd.
£126.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (67 days)
- C. & G. Welding Services (scunthorpe) Ltd.
67 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (28 days)
- C. & G. Welding Services (scunthorpe) Ltd.
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- C. & G. Welding Services (scunthorpe) Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - C. & G. Welding Services (scunthorpe) Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.9%, this is a higher level of debt than the average (56.3%)
95.9% - C. & G. Welding Services (scunthorpe) Ltd.
56.3% - Industry AVG
C. & G. WELDING SERVICES (SCUNTHORPE) LTD. financials
C. & G. Welding Services (Scunthorpe) Ltd.'s latest turnover from September 2023 is estimated at £44 thousand and the company has net assets of £361. According to their latest financial statements, C. & G. Welding Services (Scunthorpe) Ltd. has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 2 | 6 | 6 | 6 | 6 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,807 | 2,126 | 2,501 | 2,942 | 103,827 | 106,344 | 106,428 | 108,858 | 111,460 | 113,750 | 116,598 | 119,952 | 123,730 | 128,095 | 126,509 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,807 | 2,126 | 2,501 | 2,942 | 103,827 | 106,344 | 106,428 | 108,858 | 111,460 | 113,750 | 116,598 | 119,952 | 123,730 | 128,095 | 126,509 |
| Stock & work in progress | 7,266 | 7,820 | 7,872 | 9,598 | 10,602 | 10,446 | 8,459 | 10,380 | |||||||
| Trade Debtors | 6,970 | 5,371 | 2,782 | 230,750 | 194,256 | 191,618 | 102,775 | 43,007 | 45,345 | 72,286 | 66,062 | 62,393 | 77,643 | 49,597 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | 4,018 | ||||||||||||||
| Cash | 120,569 | 163,864 | 203,162 | 216,663 | 177,385 | 184,795 | 195,532 | 207,763 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 6,970 | 5,371 | 2,782 | 234,768 | 194,256 | 191,618 | 230,610 | 214,691 | 256,379 | 298,547 | 254,049 | 257,634 | 281,634 | 267,740 | |
| total assets | 8,777 | 7,497 | 5,283 | 2,942 | 338,595 | 300,600 | 298,046 | 339,468 | 326,151 | 370,129 | 415,145 | 374,001 | 381,364 | 409,729 | 394,249 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 7,916 | 6,637 | 5,000 | 1,469 | 44,553 | 49,567 | 42,836 | 52,247 | 32,420 | 35,332 | 57,700 | 45,372 | 47,463 | 51,558 | 49,563 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 7,916 | 6,637 | 5,000 | 1,469 | 44,553 | 49,567 | 42,836 | 52,247 | 32,420 | 35,332 | 57,700 | 45,372 | 47,463 | 51,558 | 49,563 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 500 | 500 | 1,250 | ||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 500 | 500 | 1,250 | ||||||||||||
| total liabilities | 8,416 | 7,137 | 5,000 | 1,469 | 45,803 | 49,567 | 42,836 | 52,247 | 32,420 | 35,332 | 57,700 | 45,372 | 47,463 | 51,558 | 49,563 |
| net assets | 361 | 360 | 283 | 1,473 | 292,792 | 251,033 | 255,210 | 287,221 | 293,731 | 334,797 | 357,445 | 328,629 | 333,901 | 358,171 | 344,686 |
| total shareholders funds | 361 | 360 | 283 | 1,473 | 292,792 | 251,033 | 255,210 | 287,221 | 293,731 | 334,797 | 357,445 | 328,629 | 333,901 | 358,171 | 344,686 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 2,602 | 2,790 | 2,990 | 3,354 | 3,778 | 4,651 | 3,912 | 3,976 | |||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -7,266 | -554 | -52 | -1,726 | -1,004 | 156 | 1,987 | -1,921 | 10,380 | ||||||
| Debtors | 1,599 | 2,589 | 2,782 | -234,768 | 40,512 | 2,638 | 88,843 | 59,768 | -2,338 | -26,941 | 6,224 | 3,669 | -15,250 | 28,046 | 49,597 |
| Creditors | 1,279 | 1,637 | 3,531 | -43,084 | -5,014 | 6,731 | -9,411 | 19,827 | -2,912 | -22,368 | 12,328 | -2,091 | -4,095 | 1,995 | 49,563 |
| Accruals and Deferred Income | 500 | -1,250 | 1,250 | ||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -120,569 | -43,295 | -39,298 | -13,501 | 39,278 | -7,410 | -10,737 | -12,231 | 207,763 | ||||||
| overdraft | |||||||||||||||
| change in cash | -120,569 | -43,295 | -39,298 | -13,501 | 39,278 | -7,410 | -10,737 | -12,231 | 207,763 |
c. & g. welding services (scunthorpe) ltd. Credit Report and Business Information
C. & G. Welding Services (scunthorpe) Ltd. Competitor Analysis
Perform a competitor analysis for c. & g. welding services (scunthorpe) ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in DN15 area or any other competitors across 12 key performance metrics.
c. & g. welding services (scunthorpe) ltd. Ownership
C. & G. WELDING SERVICES (SCUNTHORPE) LTD. group structure
C. & G. Welding Services (Scunthorpe) Ltd. has no subsidiary companies.
Ultimate parent company
C. & G. WELDING SERVICES (SCUNTHORPE) LTD.
02149442
c. & g. welding services (scunthorpe) ltd. directors
C. & G. Welding Services (Scunthorpe) Ltd. currently has 2 directors. The longest serving directors include Mr David Csehi (Feb 2020) and Mr David Csehi (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Csehi | United Kingdom | 59 years | Feb 2020 | - | Director |
| Mr David Csehi | England | 59 years | Feb 2020 | - | Director |
P&L
September 2023turnover
44k
+15%
operating profit
1.3
0%
gross margin
17.5%
+5.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
361
0%
total assets
8.8k
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
c. & g. welding services (scunthorpe) ltd. company details
company number
02149442
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
July 1987
age
38
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
boundbetter limited (September 1987)
accountant
-
auditor
-
address
50-54 oswald road, scunthorpe, north lincolnshire, DN15 7PQ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
c. & g. welding services (scunthorpe) ltd. 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 c. & g. welding services (scunthorpe) ltd..
c. & g. welding services (scunthorpe) ltd. 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 C. & G. WELDING SERVICES (SCUNTHORPE) LTD.. This can take several minutes, an email will notify you when this has completed.
c. & g. welding services (scunthorpe) ltd. Companies House Filings - See Documents
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