Powdertech (corby) Limited

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powdertech (corby) limited Company Information

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Company Number

02249952

Website

www.powdertech.co.uk

Registered Address

5 cockerell road, corby, NN17 5DU

Industry

Other manufacturing n.e.c.

Telephone

01536400890

Next Accounts Due

May 2025

Group Structure

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Directors

Giles Ashmead17 Years

Richard Besant17 Years

View All

Shareholders

pcl finishing ltd 100%

powdertech (corby) limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of POWDERTECH (CORBY) LIMITED at £5.2m based on Net Assets of £2.8m and 1.86x industry multiple (adjusted for liquidity).

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Powdertech (corby) Limited is a live company located in corby, NN17 5DU with a Companies House number of 02249952. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 1988, it's largest shareholder is pcl finishing ltd with a 100% stake. Powdertech (corby) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Powdertech (Corby) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.6%)

EXPORT

Powdertech (Corby) Limited's latest turnover from August 2023 is estimated at £3.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Powdertech (Corby) Limited has 33 employees and maintains cash reserves of £480.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,352,610	2,694,219	2,266,342	2,264,547	2,164,178	2,201,188	2,100,232	2,242,769	1,650,625	1,481,733	2,088,977	1,175,114	1,057,266	1,312,478	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,383,483	1,888,247	1,619,578	1,608,810	1,516,014	1,540,624	1,432,969	1,522,615	1,129,142	1,009,532	1,421,213	798,004	716,979	882,246	0
Gross Profit	969,127	805,972	646,764	655,737	648,164	660,563	667,263	720,154	521,482	472,201	667,764	377,110	340,287	430,232	0
Admin Expenses	654,171	180,507	220,834	361,451	501,264	568,777	354,347	461,419	283,923	531,155	439,637	232,280	214,858	348,010	-288,499
Operating Profit	314,956	625,465	425,930	294,286	146,900	91,786	312,916	258,735	237,559	-58,954	228,127	144,830	125,429	82,222	288,499
Interest Payable	0	0	2,313	6,187	10,219	13,455	6,965	0	0	0	0	0	0	0	0
Interest Receivable	25,024	15,515	1,131	827	4,425	3,813	884	864	1,679	1,336	1,626	1,392	669	81	0
Pre-Tax Profit	339,980	640,980	424,747	288,926	141,105	82,144	306,835	259,599	239,238	-57,618	229,753	146,221	126,099	82,303	288,499
Tax	-84,995	-121,786	-80,702	-54,896	-26,810	-15,607	-58,299	-51,920	-47,847	0	-52,843	-35,093	-32,786	-23,045	-80,780
Profit After Tax	254,985	519,194	344,045	234,030	114,295	66,537	248,536	207,679	191,390	-57,618	176,910	111,128	93,313	59,258	207,719
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	254,985	519,194	344,045	234,030	114,295	66,537	248,536	207,679	191,390	-57,618	176,910	111,128	93,313	59,258	207,719
Employee Costs	1,339,573	1,041,750	1,033,018	1,130,884	1,179,588	1,087,969	984,534	965,586	389,071	350,358	495,570	281,722	271,393	323,909	0
Number Of Employees	33	27	28	31	33	31	29	29	12	11	16	9	9	11	0
EBITDA*	440,721	804,855	606,639	454,762	311,250	236,903	423,075	337,162	316,580	-4,133	269,844	194,582	169,039	134,657	341,338

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	305,631	375,526	542,715	542,603	592,269	668,175	678,260	501,052	353,614	430,235	214,136	216,102	241,041	101,191	146,087
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	305,631	375,526	542,715	542,603	592,269	668,175	678,260	501,052	353,614	430,235	214,136	216,102	241,041	101,191	146,087
Stock & work in progress	76,982	67,460	60,155	25,909	41,544	34,252	40,751	22,684	13,816	11,152	25,401	40,904	29,948	49,407	43,106
Trade Debtors	729,422	587,874	471,514	395,050	344,673	415,607	425,675	436,022	363,857	349,684	516,582	260,275	238,625	313,277	264,581
Group Debtors	1,657,837	1,509,128	107,391	212,894	207,764	218,117	230,709	214,126	0	0	0	0	0	0	0
Misc Debtors	88,650	64,447	43,659	42,390	39,352	37,968	30,195	34,696	0	0	0	0	0	0	0
Cash	480,857	520,119	1,253,060	1,008,124	645,653	534,299	482,413	224,733	466,234	205,219	329,357	321,127	235,480	32,198	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,033,748	2,749,028	1,935,779	1,684,367	1,278,986	1,240,243	1,209,743	932,261	843,907	566,055	871,340	622,306	504,053	394,882	307,687
total assets	3,339,379	3,124,554	2,478,494	2,226,970	1,871,255	1,908,418	1,888,003	1,433,313	1,197,521	996,290	1,085,476	838,408	745,094	496,073	453,774
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	53,210	50,300	55,207	50,463	0	0	0	0	0	0	0	0
Trade Creditors	159,415	184,506	142,777	143,423	130,722	143,137	145,131	223,334	364,714	308,477	352,611	245,920	231,631	228,996	235,349
Group/Directors Accounts	0	0	52,335	42,301	30,106	37,827	35,477	35,883	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	367,854	372,974	202,017	250,250	93,844	162,260	179,510	132,003	0	0	0	0	0	0	0
total current liabilities	527,269	557,480	397,129	489,184	304,972	398,431	410,581	391,220	364,714	308,477	352,611	245,920	231,631	228,996	235,349
loans	0	0	0	22,633	76,718	120,574	172,413	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	34,832	69,914	104,996	140,078	0	10,606
provisions	40,609	50,558	84,043	61,876	70,318	84,461	66,594	52,214	50,607	62,171	14,523	15,974	12,995	0	0
total long term liabilities	40,609	50,558	84,043	84,509	147,036	205,035	239,007	52,214	50,607	97,003	84,437	120,970	153,073	0	10,606
total liabilities	567,878	608,038	481,172	573,693	452,008	603,466	649,588	443,434	415,321	405,480	437,048	366,890	384,704	228,996	245,955
net assets	2,771,501	2,516,516	1,997,322	1,653,277	1,419,247	1,304,952	1,238,415	989,879	782,200	590,810	648,428	471,518	360,390	267,077	207,819
total shareholders funds	2,771,501	2,516,516	1,997,322	1,653,277	1,419,247	1,304,952	1,238,415	989,879	782,200	590,810	648,428	471,518	360,390	267,077	207,819

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	314,956	625,465	425,930	294,286	146,900	91,786	312,916	258,735	237,559	-58,954	228,127	144,830	125,429	82,222	288,499
Depreciation	125,765	179,390	180,709	160,476	164,350	145,117	110,159	78,427	79,021	54,821	41,717	49,752	43,610	52,435	52,839
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-84,995	-121,786	-80,702	-54,896	-26,810	-15,607	-58,299	-51,920	-47,847	0	-52,843	-35,093	-32,786	-23,045	-80,780
Stock	9,522	7,305	34,246	-15,635	7,292	-6,499	18,067	8,868	2,664	-14,249	-15,503	10,956	-19,459	6,301	43,106
Debtors	314,460	1,538,885	-27,770	58,545	-79,903	-14,887	1,735	320,987	14,173	-166,898	256,307	21,650	-74,652	48,696	264,581
Creditors	-25,091	41,729	-646	12,701	-12,415	-1,994	-78,203	-141,380	56,237	-44,134	106,691	14,289	2,635	-6,353	235,349
Accruals and Deferred Income	-5,120	170,957	-48,233	156,406	-68,416	-17,250	47,507	132,003	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,949	-33,485	22,167	-8,442	-14,143	17,867	14,380	1,607	-11,564	47,648	-1,451	2,979	12,995	0	0
Cash flow from operations	-8,416	-683,920	492,749	517,621	262,077	241,305	328,658	-52,383	296,569	180,528	81,437	144,151	245,994	50,262	188,220
Investing Activities
capital expenditure	-55,870	-12,201	-180,821	-110,810	-88,444	-135,032	-287,367	-225,865	-2,400	-270,920	-39,751	-24,813	-183,460	-7,539	-198,926
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,870	-12,201	-180,821	-110,810	-88,444	-135,032	-287,367	-225,865	-2,400	-270,920	-39,751	-24,813	-183,460	-7,539	-198,926
Financing Activities
Bank loans	0	0	-53,210	2,910	-4,907	4,744	50,463	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-52,335	10,034	12,195	-7,721	2,350	-406	35,883	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-22,633	-54,085	-43,856	-51,839	172,413	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-34,832	-35,082	-35,082	-35,082	140,078	-10,606	10,606
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	25,024	15,515	-1,182	-5,360	-5,794	-9,642	-6,081	864	1,679	1,336	1,626	1,392	669	81	0
cash flow from financing	25,024	-36,820	-66,991	-44,340	-62,278	-54,387	216,389	36,747	-33,153	-33,746	-33,456	-33,690	140,747	-10,525	10,706
cash and cash equivalents
cash	-39,262	-732,941	244,936	362,471	111,354	51,886	257,680	-241,501	261,015	-124,138	8,230	85,647	203,282	32,198	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-39,262	-732,941	244,936	362,471	111,354	51,886	257,680	-241,501	261,015	-124,138	8,230	85,647	203,282	32,198	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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POWDERTECH (CORBY) LIMITED group structure

Powdertech (Corby) Limited has no subsidiary companies.

Ultimate parent company

POWDERTECH (CORBY) LIMITED

02249952

POWDERTECH (CORBY) LIMITED Shareholders

pcl finishing ltd

100%

Powdertech (Corby) Limited currently has 3 directors. The longest serving directors include Mr Giles Ashmead (Jul 2007) and Mr Richard Besant (Jul 2007).

officer	country	age	start	end	role
Mr Giles Ashmead	England	58 years	Jul 2007	-	Director
Mr Richard Besant	England	62 years	Jul 2007	-	Director
Mr Daniel Anderson	Northern Ireland	40 years	Apr 2022	-	Director

P&L

August 2023

turnover

3.4m

+24%

operating profit

315k

gross margin

29%

-3.37%

turnover

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

Balance Sheet

August 2023

net assets

2.8m

+0.1%

total assets

3.3m

+0.07%

cash

480.9k

-0.08%

net assets

Total assets minus all liabilities

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company number

02249952

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

April 1988

accounts

Total Exemption Full

ultimate parent company

None

previous names

mostace limited (August 1988)

last accounts submitted

August 2023

address

5 cockerell road, corby, NN17 5DU

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 7 charges/mortgages relating to powdertech (corby) limited. Currently there are 1 open charges and 6 have been satisfied in the past.

powdertech (corby) limited Company Information

powdertech (corby) limited Estimated Valuation

powdertech (corby) limited Estimated Valuation

powdertech (corby) limited Estimated Valuation

Powdertech (corby) Limited Overview

Powdertech (corby) Limited Health Check

POWDERTECH (CORBY) LIMITED financials

powdertech (corby) limited Credit Report and Business Information

Powdertech (corby) Limited Competitor Analysis

powdertech (corby) limited Ownership

powdertech (corby) limited directors

powdertech (corby) limited company details

powdertech (corby) limited Charges & Mortgages

powdertech (corby) limited Companies House Filings - See Documents