portek limited

3.5

portek limited Company Information

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Company Number

02177497

Registered Address

bryn hall knolton bryn, overton-on-dee, wrexham, LL13 0LF

Industry

Manufacture of agricultural and forestry machinery (other than agricultural tractors)

 

Telephone

01234889454

Next Accounts Due

September 2024

Group Structure

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Directors

Hugh David32 Years

Brian Gibb10 Years

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Shareholders

hugh vincent david 85%

robert alan sutton 10%

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portek limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of PORTEK LIMITED at £1.2m based on a Turnover of £2.5m and 0.49x industry multiple (adjusted for size and gross margin).

portek limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of PORTEK LIMITED at £1.1m based on an EBITDA of £248.3k and a 4.27x industry multiple (adjusted for size and gross margin).

portek limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of PORTEK LIMITED at £2.3m based on Net Assets of £1.2m and 1.87x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Portek Limited Overview

Portek Limited is a live company located in wrexham, LL13 0LF with a Companies House number of 02177497. It operates in the manufacture of agricultural and forestry machinery other than tractors sector, SIC Code 28302. Founded in October 1987, it's largest shareholder is hugh vincent david with a 85% stake. Portek Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with high growth in recent years.

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Portek Limited Health Check

Pomanda's financial health check has awarded Portek Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £2.5m, make it smaller than the average company (£18.2m)

£2.5m - Portek Limited

£18.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.8%)

19% - Portek Limited

5.8% - Industry AVG

production

Production

with a gross margin of 17.9%, this company has a higher cost of product (25.4%)

17.9% - Portek Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of 6.8% make it more profitable than the average company (4.9%)

6.8% - Portek Limited

4.9% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (96)

16 - Portek Limited

96 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.4k, the company has an equivalent pay structure (£37.4k)

£37.4k - Portek Limited

£37.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £154.2k, this is equally as efficient (£180.2k)

£154.2k - Portek Limited

£180.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 95 days, this is later than average (46 days)

95 days - Portek Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 111 days, this is slower than average (40 days)

111 days - Portek Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 158 days, this is in line with average (135 days)

158 days - Portek Limited

135 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (9 weeks)

5 weeks - Portek Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.8%, this is a higher level of debt than the average (45.4%)

66.8% - Portek Limited

45.4% - Industry AVG

portek 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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Portek Limited Competitor Analysis

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portek limited Ownership

PORTEK LIMITED group structure

Portek Limited has 1 subsidiary company.

Ultimate parent company

PORTEK LIMITED

02177497

1 subsidiary

PORTEK LIMITED Shareholders

hugh vincent david 84.98%
robert alan sutton 10%
patricia ann david 5.01%

portek limited directors

Portek Limited currently has 3 directors. The longest serving directors include Mr Hugh David (Jun 1991) and Mr Brian Gibb (Nov 2013).

officercountryagestartendrole
Mr Hugh DavidUnited Kingdom74 years Jun 1991- Director
Mr Brian GibbUnited Kingdom66 years Nov 2013- Director
Mr Robert SuttonUnited Kingdom76 years Jul 2015- Director

PORTEK LIMITED financials

EXPORTms excel logo

Portek Limited's latest turnover from December 2022 is estimated at £2.5 million and the company has net assets of £1.2 million. According to their latest financial statements, Portek Limited has 16 employees and maintains cash reserves of £60 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover2,466,4652,476,6851,839,7391,469,7752,427,8301,930,0371,921,1591,119,6761,736,7964,119,1832,109,5941,864,0721,378,7650
Other Income Or Grants00000000000000
Cost Of Sales2,025,3312,065,4591,521,5741,195,4491,965,4811,562,4861,564,733899,4961,398,8873,292,6911,675,7291,531,0871,124,9990
Gross Profit441,133411,226318,165274,326462,349367,551356,425220,180337,909826,493433,865332,985253,7670
Admin Expenses273,361232,13783,896184,327439,079238,811298,9711,169,3341,077,685-224,816149,337-20,762-7,268-807,290
Operating Profit167,772179,089234,26989,99923,270128,74057,454-949,154-739,7761,051,309284,528353,747261,035807,290
Interest Payable0056,16162,1460000000000
Interest Receivable4,0247342444019111,0094141,0521,9011,8771,3911,225836314
Pre-Tax Profit171,796179,822178,35228,25424,180129,74857,868-948,102-737,8751,053,186285,920354,972261,871807,604
Tax-32,641-34,166-33,887-5,368-4,594-24,652-11,57300-242,233-68,621-92,293-73,324-226,129
Profit After Tax139,155145,656144,46522,88619,586105,09646,294-948,102-737,875810,953217,299262,679188,547581,475
Dividends Paid00000000000000
Retained Profit139,155145,656144,46522,88619,586105,09646,294-948,102-737,875810,953217,299262,679188,547581,475
Employee Costs599,067537,040537,459574,960519,104503,742237,658133,080240,006519,257272,247261,221174,7910
Number Of Employees161515161515747179960
EBITDA*248,319269,308324,987135,13886,580183,290100,573-915,021-712,9311,079,082304,384375,360286,445835,283

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets2,087,5231,946,2921,809,8661,851,5761,649,2591,661,5071,617,827200,191212,817201,338194,868179,28652,87462,907
Intangible Assets00000000000000
Investments & Other000000000093,57893,57893,57893,578
Debtors (Due After 1 year)00000000000000
Total Fixed Assets2,087,5231,946,2921,809,8661,851,5761,649,2591,661,5071,617,827200,191212,817201,338288,446272,864146,452156,485
Stock & work in progress877,944531,252632,182732,318669,517572,738590,262455,884371,675345,437324,908299,239275,700254,658
Trade Debtors646,033711,858283,119306,794565,034435,965485,958367,405602,1091,573,222703,188571,179413,327351,428
Group Debtors00000000000000
Misc Debtors00203,987132,138000189,664000000
Cash60,018169,922416,96072,00334,865207,968195,450135,702284,987475,473275,306281,286208,691125,545
misc current assets00000000000000
total current assets1,583,9951,413,0321,536,2481,243,2531,269,4161,216,6711,271,6701,148,6551,258,7712,394,1321,303,4021,151,704897,718731,631
total assets3,671,5183,359,3243,346,1143,094,8292,918,6752,878,1782,889,4971,348,8461,471,5882,595,4701,591,8481,424,5681,044,170888,116
Bank overdraft00053,9760000000000
Bank loan00000000000000
Trade Creditors 620,129730,455623,743130,597493,938439,037392,84852,907148,405534,412326,940376,157255,685286,173
Group/Directors Accounts00097,5380000000000
other short term finances00000000000000
hp & lease commitments00018,7600000000000
other current liabilities000171,938000312,151000000
total current liabilities620,129730,455623,743472,809493,938439,037392,848365,058148,405534,412326,940376,157255,685286,173
loans0001,787,3770000000000
hp & lease commitments00045,7000000000000
Accruals and Deferred Income00000000000000
other liabilities1,833,1701,549,8051,788,96301,658,6801,692,6701,855,274388,7070014,80315,60518,35820,363
provisions00000000000000
total long term liabilities1,833,1701,549,8051,788,9631,833,0771,658,6801,692,6701,855,274388,7070014,80315,60518,35820,363
total liabilities2,453,2992,280,2602,412,7062,305,8862,152,6182,131,7072,248,122753,765148,405534,412341,743391,762274,043306,536
net assets1,218,2191,079,064933,408788,943766,057746,471641,375595,0811,323,1832,061,0581,250,1051,032,806770,127581,580
total shareholders funds1,218,2191,079,064933,408788,943766,057746,471641,375595,0811,323,1832,061,0581,250,1051,032,806770,127581,580
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit167,772179,089234,26989,99923,270128,74057,454-949,154-739,7761,051,309284,528353,747261,035807,290
Depreciation80,54790,21990,71845,13963,31054,55043,11934,13326,84527,77319,85621,61325,41027,993
Amortisation00000000000000
Tax-32,641-34,166-33,887-5,368-4,594-24,652-11,57300-242,233-68,621-92,293-73,324-226,129
Stock346,692-100,930-100,13662,80196,779-17,524134,37884,20926,23820,52925,66923,53921,042254,658
Debtors-65,825224,75248,174-126,102129,069-49,993-71,111-45,040-971,113870,034132,009157,85261,899351,428
Creditors-110,326106,712493,146-363,34154,90146,189339,941-95,498-386,007207,472-49,217120,472-30,488286,173
Accruals and Deferred Income00-171,938171,93800-312,151312,151000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-175,515218,032664,2701,668-88,961272,34453,523-737,537-154,063153,75828,868222,14899,692289,241
Investing Activities
capital expenditure-221,778-226,645-49,008-247,456-51,062-98,230-1,460,755-21,507-38,324-34,243-35,438-148,025-15,377-90,900
Change in Investments000000000-93,57800093,578
cash flow from investments-221,778-226,645-49,008-247,456-51,062-98,230-1,460,755-21,507-38,32459,335-35,438-148,025-15,377-184,478
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00-97,53897,5380000000000
Other Short Term Loans 00000000000000
Long term loans00-1,787,3771,787,3770000000000
Hire Purchase and Lease Commitments00-64,46064,4600000000000
other long term liabilities283,365-239,1581,788,963-1,658,680-33,990-162,6041,466,567388,7070-14,803-802-2,753-2,00520,363
share issue0000000220,00000000105
interest4,024734-55,917-61,7459111,0094141,0521,9011,8771,3911,225836314
cash flow from financing287,389-238,424-216,329228,950-33,079-161,5951,466,981609,7591,901-12,926589-1,528-1,16920,782
cash and cash equivalents
cash-109,904-247,038344,95737,138-173,10312,51859,748-149,285-190,486200,167-5,98072,59583,146125,545
overdraft00-53,97653,9760000000000
change in cash-109,904-247,038398,933-16,838-173,10312,51859,748-149,285-190,486200,167-5,98072,59583,146125,545

P&L

December 2022

turnover

2.5m

0%

operating profit

167.8k

0%

gross margin

17.9%

+7.72%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

1.2m

+0.13%

total assets

3.7m

+0.09%

cash

60k

-0.65%

net assets

Total assets minus all liabilities

portek limited company details

company number

02177497

Type

Private limited with Share Capital

industry

28302 - Manufacture of agricultural and forestry machinery (other than agricultural tractors)

incorporation date

October 1987

age

37

accounts

Unaudited Abridged

ultimate parent company

None

previous names

garwood limited (November 1987)

incorporated

UK

address

bryn hall knolton bryn, overton-on-dee, wrexham, LL13 0LF

last accounts submitted

December 2022

portek 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 4 charges/mortgages relating to portek limited. Currently there are 3 open charges and 1 have been satisfied in the past.

charges

portek limited Companies House Filings - See Documents

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