nautic steels limited
nautic steels limited Company Information
Company Number
02302004
Website
www.nautic.co.ukRegistered Address
one eleven edmund street, birmingham, west midlands, B3 2HJ
Industry
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Telephone
01827281111
Next Accounts Due
November 2024
Group Structure
View All
nautic steels limited Estimated Valuation
The estimated valuation range for nautic steels limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £0 to £2.6m
nautic steels limited Estimated Valuation
The estimated valuation range for nautic steels limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £0 to £2.6m
nautic steels limited Estimated Valuation
The estimated valuation range for nautic steels limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £0 to £2.6m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Nautic Steels Limited Overview
Nautic Steels Limited is a live company located in west midlands, B3 2HJ with a Companies House number of 02302004. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in October 1988, it's largest shareholder is nautic steels (holdings) ltd with a 100% stake. Nautic Steels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with healthy growth in recent years.
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Nautic Steels Limited Health Check
Pomanda's financial health check has awarded Nautic Steels Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £6.6m, make it smaller than the average company (£15m)
- Nautic Steels Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.3%)
- Nautic Steels Limited
5.3% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)
- Nautic Steels Limited
22.6% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (5.5%)
- Nautic Steels Limited
5.5% - Industry AVG
Employees
with 32 employees, this is below the industry average (67)
32 - Nautic Steels Limited
67 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has an equivalent pay structure (£39.3k)
- Nautic Steels Limited
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £207.1k, this is equally as efficient (£180.7k)
- Nautic Steels Limited
£180.7k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (77 days)
- Nautic Steels Limited
77 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (62 days)
- Nautic Steels Limited
62 days - Industry AVG
Stock Days
it holds stock equivalent to 418 days, this is more than average (83 days)
- Nautic Steels Limited
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Nautic Steels Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73%, this is a higher level of debt than the average (45.5%)
73% - Nautic Steels Limited
45.5% - Industry AVG
nautic steels limited Credit Report and Business Information
Nautic Steels Limited Competitor Analysis
Perform a competitor analysis for nautic steels limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
nautic steels limited Ownership
NAUTIC STEELS LIMITED group structure
Nautic Steels Limited has no subsidiary companies.
Ultimate parent company
PANTECH GROUP HOLDINGS BERHAD
#0075323
2 parents
NAUTIC STEELS LIMITED
02302004
nautic steels limited directors
Nautic Steels Limited currently has 5 directors. The longest serving directors include Mr Ang Tan (Mar 2012) and Mr Woon Wang (Mar 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ang Tan | United Kingdom | 67 years | Mar 2012 | - | Director |
| Mr Woon Wang | United Kingdom | 49 years | Mar 2012 | - | Director |
| Teoh Goh | United Kingdom | 67 years | Mar 2012 | - | Director |
| Ting Chew | United Kingdom | 69 years | Mar 2012 | - | Director |
| Mr Jairus Hsien | United Kingdom | 37 years | Jan 2014 | - | Director |
NAUTIC STEELS LIMITED financials
Nautic Steels Limited's latest turnover from February 2023 is estimated at £6.6 million and the company has net assets of £1.8 million. According to their latest financial statements, Nautic Steels Limited has 32 employees and maintains cash reserves of £143 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,591,258 | 4,594,637 | 5,358,146 | 5,075,635 | 4,683,693 | 5,402,021 | 8,341,952 | 10,485,228 | 12,040,570 | 12,458,115 | 9,269,517 | 8,127,570 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 2,944,736 | 3,514,997 | 4,269,474 | 3,830,193 | 3,754,307 | 4,146,068 | 6,255,472 | 7,668,829 | 9,023,128 | 9,502,830 | 7,443,855 | 6,066,327 | ||
| Gross Profit | 646,522 | 1,079,640 | 1,088,672 | 1,245,442 | 929,386 | 1,255,953 | 2,086,480 | 2,816,399 | 3,017,442 | 2,955,285 | 1,825,662 | 2,061,243 | ||
| Admin Expenses | 1,243,721 | 1,368,824 | 1,454,376 | 1,542,365 | 1,873,857 | 1,719,141 | 1,509,883 | 1,931,592 | 1,662,226 | 1,251,717 | 1,532,916 | 1,952,239 | ||
| Operating Profit | -597,199 | -289,184 | -365,704 | -296,923 | -944,471 | -463,188 | 576,597 | 884,807 | 1,355,216 | 1,703,568 | 292,746 | 109,004 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 259 | 207 | 2,682 | 799 | 3 | 129 | 0 | ||
| Interest Receivable | 0 | 5 | 27 | 1,150 | 163 | 0 | 139 | 24 | 3,806 | 3,319 | 14,681 | 29,146 | ||
| Pre-Tax Profit | -597,199 | -289,179 | -365,677 | -295,773 | -944,308 | -463,447 | 576,529 | 882,149 | 1,358,223 | 1,706,884 | 307,298 | 138,150 | ||
| Tax | 0 | 0 | 0 | -108 | 152 | 3,447 | -96,961 | -215,098 | -335,000 | -454,385 | -86,367 | -27,262 | ||
| Profit After Tax | -597,199 | -289,179 | -365,677 | -295,881 | -944,156 | -460,000 | 479,568 | 667,051 | 1,023,223 | 1,252,499 | 220,931 | 110,888 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 240,000 | 480,000 | 0 | 0 | 0 | ||
| Retained Profit | -597,199 | -289,179 | -365,677 | -295,881 | -944,156 | -460,000 | 454,568 | 427,051 | 543,223 | 1,252,499 | 220,931 | 110,888 | ||
| Employee Costs | 1,033,567 | 1,110,242 | 1,092,197 | 1,184,632 | 1,208,293 | 1,462,402 | 1,661,826 | 1,890,236 | 2,130,657 | 1,627,371 | 1,451,967 | 1,435,196 | ||
| Number Of Employees | 32 | 38 | 40 | 42 | 43 | 47 | 52 | 58 | 70 | 72 | 67 | 63 | 58 | 58 |
| EBITDA* | -597,199 | -289,184 | -365,704 | -296,923 | -944,471 | -463,188 | 576,597 | 884,807 | 1,355,216 | 1,703,568 | 292,746 | 109,004 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 5,876,933 | 5,551,516 | 5,772,177 | 5,432,391 | 5,566,617 | 5,778,168 | 5,395,018 | 5,619,381 | 6,807,357 | 6,293,002 | 5,655,338 | 4,552,222 | 3,093,373 | 3,200,695 |
| Trade Debtors | 551,954 | 808,433 | 616,870 | 539,386 | 641,994 | 1,013,238 | 1,114,966 | 1,611,521 | 2,466,208 | 2,285,638 | 2,267,787 | 3,180,258 | 1,748,328 | 1,479,678 |
| Group Debtors | 0 | 0 | 0 | 4,438 | 0 | 0 | 0 | 3,016 | 270,332 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 233,774 | 124,217 | 76,882 | 110,395 | 85,939 | 169,983 | 90,290 | 106,261 | 169,991 | 232,995 | 228,642 | 180,570 | 108,781 | 260,754 |
| Cash | 143,027 | 147,570 | 159,627 | 377,926 | 149,574 | 167,874 | 346,196 | 533,698 | 252,438 | 777,827 | 1,484,871 | 1,749,947 | 2,014,748 | 2,457,899 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,805,688 | 6,631,736 | 6,625,556 | 6,464,536 | 6,444,124 | 7,129,263 | 6,946,470 | 7,873,877 | 9,966,326 | 9,589,462 | 9,636,638 | 9,662,997 | 6,965,230 | 7,399,026 |
| total assets | 6,805,688 | 6,631,736 | 6,625,556 | 6,464,536 | 6,444,124 | 7,129,263 | 6,946,470 | 7,873,877 | 9,966,326 | 9,589,462 | 9,636,638 | 9,662,997 | 6,965,230 | 7,399,026 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 640,022 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 195,271 | 368,696 | 191,743 | 181,184 | 355,043 | 278,488 | 296,160 | 1,853,831 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 428,803 | 56,939 | 103,772 | 170,014 | 119,796 | 214,096 | 146,385 | 238,996 | 430,454 | 993,858 | 1,714,530 | 1,816,683 | 540,542 | 867,617 |
| Group/Directors Accounts | 4,461,217 | 4,271,825 | 3,700,957 | 3,027,092 | 2,793,871 | 2,721,727 | 2,443,880 | 2,444,735 | 2,231,993 | 2,892,451 | 3,318,707 | 3,424,754 | 3,645,082 | 4,077,238 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 78,040 | 55,427 | 115,735 | 142,092 | 126,499 | 249,946 | 193,385 | 65,498 | 161,560 | 229,211 | 196,532 | 557,914 | 168,459 | 63,955 |
| total current liabilities | 4,968,060 | 4,579,462 | 4,289,160 | 3,530,941 | 3,221,350 | 3,540,812 | 3,062,138 | 3,045,389 | 4,677,838 | 4,755,542 | 5,229,769 | 5,799,351 | 4,354,083 | 5,008,810 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,968,060 | 4,579,462 | 4,289,160 | 3,530,941 | 3,221,350 | 3,540,812 | 3,062,138 | 3,045,389 | 4,677,838 | 4,755,542 | 5,229,769 | 5,799,351 | 4,354,083 | 5,008,810 |
| net assets | 1,837,628 | 2,052,274 | 2,336,396 | 2,933,595 | 3,222,774 | 3,588,451 | 3,884,332 | 4,828,488 | 5,288,488 | 4,833,920 | 4,406,869 | 3,863,646 | 2,611,147 | 2,390,216 |
| total shareholders funds | 1,837,628 | 2,052,274 | 2,336,396 | 2,933,595 | 3,222,774 | 3,588,451 | 3,884,332 | 4,828,488 | 5,288,488 | 4,833,920 | 4,406,869 | 3,863,646 | 2,611,147 | 2,390,216 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -597,199 | -289,184 | -365,704 | -296,923 | -944,471 | -463,188 | 576,597 | 884,807 | 1,355,216 | 1,703,568 | 292,746 | 109,004 | ||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -108 | 152 | 3,447 | -96,961 | -215,098 | -335,000 | -454,385 | -86,367 | -27,262 | ||
| Stock | 325,417 | -220,661 | 339,786 | -134,226 | -211,551 | 383,150 | -224,363 | -1,187,976 | 514,355 | 637,664 | 5,655,338 | 1,458,849 | -107,322 | 3,200,695 |
| Debtors | -146,922 | 238,898 | 39,533 | -73,714 | -455,288 | -22,035 | -515,542 | -1,185,733 | 387,898 | 22,204 | 2,496,429 | 1,503,719 | 116,677 | 1,740,432 |
| Creditors | 371,864 | -46,833 | -66,242 | 50,218 | -94,300 | 67,711 | -92,611 | -191,458 | -563,404 | -720,672 | 1,714,530 | 1,276,141 | -327,075 | 867,617 |
| Accruals and Deferred Income | 22,613 | -60,308 | -26,357 | 15,593 | -123,447 | 56,561 | 127,887 | -96,062 | -67,651 | 32,679 | 196,532 | 389,455 | 104,504 | 63,955 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,069,117 | -15,433 | 83,388 | -533,874 | -169,138 | 1,626,448 | -1,053,672 | -678,152 | -5,220,489 | -47,789 | -25,547 | -3,927,813 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -195,271 | -173,425 | 176,953 | 10,559 | -173,859 | 76,555 | -17,672 | -1,557,671 | 1,853,831 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 189,392 | 570,868 | 673,865 | 233,221 | 72,144 | 277,847 | -855 | 212,742 | -660,458 | -426,256 | 3,318,707 | -220,328 | -432,156 | 4,077,238 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 5 | 27 | 1,150 | 163 | -259 | -68 | -2,658 | 3,007 | 3,316 | 14,552 | 29,146 | ||
| cash flow from financing | 850,818 | 243,785 | -101,688 | 355,552 | -18,364 | -1,345,188 | 1,193,305 | -428,914 | 7,185,360 | -217,012 | -417,604 | 6,385,712 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -4,543 | -12,057 | -218,299 | 228,352 | -18,300 | -178,322 | -187,502 | 281,260 | -525,389 | -707,044 | 1,484,871 | -264,801 | -443,151 | 2,457,899 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -640,022 | 640,022 | 0 | 0 | 0 | 0 |
| change in cash | -4,543 | -12,057 | -218,299 | 228,352 | -18,300 | -178,322 | -187,502 | 281,260 | 114,633 | -1,347,066 | 1,484,871 | -264,801 | -443,151 | 2,457,899 |
P&L
February 2023turnover
6.6m
+2%
operating profit
-210.7k
0%
gross margin
22.6%
+18.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
1.8m
-0.1%
total assets
6.8m
+0.03%
cash
143k
-0.03%
net assets
Total assets minus all liabilities
nautic steels limited company details
company number
02302004
Type
Private limited with Share Capital
industry
24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
incorporation date
October 1988
age
36
accounts
Small Company
ultimate parent company
previous names
zonehyper limited (March 1989)
incorporated
UK
address
one eleven edmund street, birmingham, west midlands, B3 2HJ
last accounts submitted
February 2023
nautic steels 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 nautic steels limited. Currently there are 1 open charges and 3 have been satisfied in the past.
nautic steels limited Companies House Filings - See Documents
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