porcelanosa (midlands) limited
porcelanosa (midlands) limited Company Information
Company Number
02366908
Website
www.porcelanosa.comRegistered Address
units 1 - 6 otterspool way, bushey, watford, WD25 8HL
Industry
Wholesale of wood, construction materials and sanitary equipment
Telephone
01923815200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
porcelanosa group ltd 100%
porcelanosa (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PORCELANOSA (MIDLANDS) LIMITED at £11.4m based on a Turnover of £16.3m and 0.7x industry multiple (adjusted for size and gross margin).
porcelanosa (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PORCELANOSA (MIDLANDS) LIMITED at £6.2m based on an EBITDA of £865k and a 7.13x industry multiple (adjusted for size and gross margin).
porcelanosa (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PORCELANOSA (MIDLANDS) LIMITED at £6.5m based on Net Assets of £3.8m and 1.74x industry multiple (adjusted for liquidity).
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Porcelanosa (midlands) Limited Overview
Porcelanosa (midlands) Limited is a live company located in watford, WD25 8HL with a Companies House number of 02366908. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in March 1989, it's largest shareholder is porcelanosa group ltd with a 100% stake. Porcelanosa (midlands) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.3m with declining growth in recent years.
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Porcelanosa (midlands) Limited Health Check
Pomanda's financial health check has awarded Porcelanosa (Midlands) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £16.3m, make it in line with the average company (£18.9m)
£16.3m - Porcelanosa (midlands) Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.1%)
-4% - Porcelanosa (midlands) Limited
7.1% - Industry AVG
Production
with a gross margin of 34.4%, this company has a lower cost of product (24.8%)
34.4% - Porcelanosa (midlands) Limited
24.8% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (6%)
4.1% - Porcelanosa (midlands) Limited
6% - Industry AVG
Employees
with 54 employees, this is above the industry average (44)
54 - Porcelanosa (midlands) Limited
44 - Industry AVG
Pay Structure
on an average salary of £37.4k, the company has an equivalent pay structure (£40.5k)
£37.4k - Porcelanosa (midlands) Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £302k, this is less efficient (£390.9k)
£302k - Porcelanosa (midlands) Limited
£390.9k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (46 days)
23 days - Porcelanosa (midlands) Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (35 days)
100 days - Porcelanosa (midlands) Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 87 days, this is more than average (61 days)
87 days - Porcelanosa (midlands) Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (12 weeks)
41 weeks - Porcelanosa (midlands) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.1%, this is a similar level of debt than the average (50.8%)
46.1% - Porcelanosa (midlands) Limited
50.8% - Industry AVG
porcelanosa (midlands) limited Credit Report and Business Information
Porcelanosa (midlands) Limited Competitor Analysis
Perform a competitor analysis for porcelanosa (midlands) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
porcelanosa (midlands) limited Ownership
PORCELANOSA (MIDLANDS) LIMITED group structure
Porcelanosa (Midlands) Limited has no subsidiary companies.
Ultimate parent company
2 parents
PORCELANOSA (MIDLANDS) LIMITED
02366908
porcelanosa (midlands) limited directors
Porcelanosa (Midlands) Limited currently has 2 directors. The longest serving directors include Silvestre Segarra (Nov 2007) and Mr Silvestre Segarra (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Silvestre Segarra | Spain | 58 years | Nov 2007 | - | Director |
| Mr Silvestre Segarra | Spain | 32 years | Jan 2021 | - | Director |
PORCELANOSA (MIDLANDS) LIMITED financials
Porcelanosa (Midlands) Limited's latest turnover from December 2022 is £16.3 million and the company has net assets of £3.8 million. According to their latest financial statements, Porcelanosa (Midlands) Limited has 54 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 16,310,000 | 15,207,000 | 16,145,000 | 18,584,000 | 15,710,000 | 15,358,000 | 14,645,000 | 14,765,000 | 12,781,000 | 9,459,000 | 9,211,000 | 7,715,000 | 7,119,000 | 7,612,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,691,000 | 10,143,000 | 11,170,000 | 12,740,000 | 10,431,000 | 10,455,000 | 9,654,000 | 9,769,000 | 8,600,000 | 6,684,000 | 6,461,000 | 5,252,000 | 4,794,000 | 4,917,000 |
| Gross Profit | 5,619,000 | 5,064,000 | 4,975,000 | 5,844,000 | 5,279,000 | 4,903,000 | 4,991,000 | 4,996,000 | 4,181,000 | 2,775,000 | 2,750,000 | 2,463,000 | 2,325,000 | 2,695,000 |
| Admin Expenses | 4,952,000 | 4,401,000 | 4,244,000 | 5,243,000 | 5,011,000 | 4,959,000 | 5,317,000 | 4,985,000 | 4,639,000 | 3,992,000 | 3,781,000 | 3,909,000 | 3,769,000 | 3,823,000 |
| Operating Profit | 667,000 | 663,000 | 731,000 | 601,000 | 268,000 | -56,000 | -326,000 | 11,000 | -458,000 | -1,217,000 | -1,031,000 | -1,446,000 | -1,444,000 | -1,128,000 |
| Interest Payable | 2,000 | 2,000 | 3,000 | 6,000 | 5,000 | 12,000 | 24,000 | 15,000 | 31,000 | 81,000 | 55,000 | 50,000 | 27,000 | 2,000 |
| Interest Receivable | 3,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 668,000 | 663,000 | 728,000 | 595,000 | 263,000 | -68,000 | -350,000 | -4,000 | -489,000 | -1,298,000 | -1,086,000 | -1,496,000 | -1,471,000 | -1,130,000 |
| Tax | -6,000 | -124,000 | 601,000 | 0 | 0 | 37,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 662,000 | 539,000 | 1,329,000 | 595,000 | 263,000 | -31,000 | -350,000 | -4,000 | -489,000 | -1,298,000 | -1,086,000 | -1,496,000 | -1,471,000 | -1,130,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 662,000 | 539,000 | 1,329,000 | 595,000 | 263,000 | -31,000 | -350,000 | -4,000 | -489,000 | -1,298,000 | -1,086,000 | -1,496,000 | -1,471,000 | -1,130,000 |
| Employee Costs | 2,017,000 | 1,944,000 | 2,002,000 | 1,985,000 | 1,769,000 | 1,718,000 | 1,794,000 | 1,770,000 | 1,647,000 | 1,410,000 | 1,370,000 | 1,337,000 | 1,346,000 | 1,481,000 |
| Number Of Employees | 54 | 52 | 56 | 61 | 53 | 53 | 57 | 53 | 55 | 45 | 45 | 43 | 44 | 50 |
| EBITDA* | 865,000 | 883,000 | 986,000 | 865,000 | 468,000 | 199,000 | -98,000 | 227,000 | -246,000 | -1,050,000 | -882,000 | -1,254,000 | -1,307,000 | -1,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 570,000 | 547,000 | 678,000 | 907,000 | 711,000 | 920,000 | 1,096,000 | 854,000 | 888,000 | 906,000 | 604,000 | 645,000 | 798,000 | 387,000 |
| 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 | 570,000 | 547,000 | 678,000 | 907,000 | 711,000 | 920,000 | 1,096,000 | 854,000 | 888,000 | 906,000 | 604,000 | 645,000 | 798,000 | 387,000 |
| Stock & work in progress | 2,569,000 | 2,847,000 | 2,912,000 | 2,344,000 | 2,542,000 | 2,329,000 | 2,152,000 | 2,330,000 | 2,116,000 | 2,220,000 | 2,199,000 | 2,022,000 | 1,787,000 | 1,730,000 |
| Trade Debtors | 1,038,000 | 1,419,000 | 1,911,000 | 2,226,000 | 1,657,000 | 1,400,000 | 1,727,000 | 2,656,000 | 1,573,000 | 886,000 | 852,000 | 950,000 | 764,000 | 644,000 |
| Group Debtors | 27,000 | 43,000 | 81,000 | 0 | 0 | 122,000 | 0 | 34,000 | 465,000 | 1,417,000 | 127,000 | 0 | 0 | 120,000 |
| Misc Debtors | 277,000 | 597,000 | 685,000 | 198,000 | 218,000 | 220,000 | 175,000 | 151,000 | 179,000 | 124,000 | 228,000 | 240,000 | 193,000 | 216,000 |
| Cash | 2,509,000 | 2,425,000 | 1,713,000 | 288,000 | 13,000 | 2,000 | 4,000 | 4,000 | 2,000 | 2,000 | 2,000 | 3,000 | 3,000 | 3,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,420,000 | 7,331,000 | 7,302,000 | 5,056,000 | 4,430,000 | 4,073,000 | 4,058,000 | 5,175,000 | 4,335,000 | 4,649,000 | 3,408,000 | 3,215,000 | 2,747,000 | 2,713,000 |
| total assets | 6,990,000 | 7,878,000 | 7,980,000 | 5,963,000 | 5,141,000 | 4,993,000 | 5,154,000 | 6,029,000 | 5,223,000 | 5,555,000 | 4,012,000 | 3,860,000 | 3,545,000 | 3,100,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 910,000 | 810,000 | 1,591,000 | 2,037,000 | 1,257,000 | 3,027,000 | 2,660,000 | 1,592,000 | 1,526,000 | 800,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,942,000 | 153,000 | 590,000 | 570,000 | 315,000 | 143,000 | 412,000 | 339,000 | 159,000 | 194,000 | 159,000 | 152,000 | 187,000 | 261,000 |
| Group/Directors Accounts | 0 | 2,473,000 | 2,149,000 | 1,803,000 | 1,101,000 | 1,737,000 | 906,000 | 957,000 | 1,271,000 | 917,000 | 0 | 1,088,000 | 1,097,000 | 950,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 72,000 | 79,000 | 92,000 | 94,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 148,000 | 2,014,000 | 2,450,000 | 2,034,000 | 2,172,000 | 1,923,000 | 1,834,000 | 1,935,000 | 1,771,000 | 1,363,000 | 1,141,000 | 1,025,000 | 936,000 | 619,000 |
| total current liabilities | 3,162,000 | 4,719,000 | 5,281,000 | 4,501,000 | 4,498,000 | 4,613,000 | 4,743,000 | 5,268,000 | 4,458,000 | 5,501,000 | 3,960,000 | 3,857,000 | 3,746,000 | 2,630,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 60,000 | 53,000 | 132,000 | 224,000 | 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 | 60,000 | 53,000 | 132,000 | 224,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,222,000 | 4,772,000 | 5,413,000 | 4,725,000 | 4,498,000 | 4,613,000 | 4,743,000 | 5,268,000 | 4,458,000 | 5,501,000 | 3,960,000 | 3,857,000 | 3,746,000 | 2,630,000 |
| net assets | 3,768,000 | 3,106,000 | 2,567,000 | 1,238,000 | 643,000 | 380,000 | 411,000 | 761,000 | 765,000 | 54,000 | 52,000 | 3,000 | -201,000 | 470,000 |
| total shareholders funds | 3,768,000 | 3,106,000 | 2,567,000 | 1,238,000 | 643,000 | 380,000 | 411,000 | 761,000 | 765,000 | 54,000 | 52,000 | 3,000 | -201,000 | 470,000 |
| 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 | 667,000 | 663,000 | 731,000 | 601,000 | 268,000 | -56,000 | -326,000 | 11,000 | -458,000 | -1,217,000 | -1,031,000 | -1,446,000 | -1,444,000 | -1,128,000 |
| Depreciation | 198,000 | 220,000 | 255,000 | 264,000 | 200,000 | 255,000 | 228,000 | 216,000 | 212,000 | 167,000 | 149,000 | 192,000 | 137,000 | 128,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -6,000 | -124,000 | 601,000 | 0 | 0 | 37,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -278,000 | -65,000 | 568,000 | -198,000 | 213,000 | 177,000 | -178,000 | 214,000 | -104,000 | 21,000 | 177,000 | 235,000 | 57,000 | 1,730,000 |
| Debtors | -717,000 | -618,000 | 253,000 | 549,000 | 133,000 | -160,000 | -939,000 | 624,000 | -210,000 | 1,220,000 | 17,000 | 233,000 | -23,000 | 980,000 |
| Creditors | 2,789,000 | -437,000 | 20,000 | 255,000 | 172,000 | -269,000 | 73,000 | 180,000 | -35,000 | 35,000 | 7,000 | -35,000 | -74,000 | 261,000 |
| Accruals and Deferred Income | -1,866,000 | -436,000 | 416,000 | -138,000 | 249,000 | 89,000 | -101,000 | 164,000 | 408,000 | 222,000 | 116,000 | 89,000 | 317,000 | 619,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,777,000 | 569,000 | 1,202,000 | 631,000 | 543,000 | 39,000 | 991,000 | -267,000 | 441,000 | -2,034,000 | -953,000 | -1,668,000 | -1,098,000 | -2,830,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,473,000 | 324,000 | 346,000 | 702,000 | -636,000 | 831,000 | -51,000 | -314,000 | 354,000 | 917,000 | -1,088,000 | -9,000 | 147,000 | 950,000 |
| 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 | -92,000 | -94,000 | 318,000 | 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 | 1,000 | 0 | -3,000 | -6,000 | -5,000 | -12,000 | -24,000 | -15,000 | -31,000 | -81,000 | -55,000 | -50,000 | -27,000 | -2,000 |
| cash flow from financing | -2,472,000 | 232,000 | 249,000 | 1,014,000 | -641,000 | 819,000 | -75,000 | -329,000 | 1,523,000 | 2,136,000 | -8,000 | 1,641,000 | 920,000 | 2,548,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 84,000 | 712,000 | 1,425,000 | 275,000 | 11,000 | -2,000 | 0 | 2,000 | 0 | 0 | -1,000 | 0 | 0 | 3,000 |
| overdraft | 0 | 0 | 0 | -910,000 | 100,000 | -781,000 | -446,000 | 780,000 | -1,770,000 | 367,000 | 1,068,000 | 66,000 | 726,000 | 800,000 |
| change in cash | 84,000 | 712,000 | 1,425,000 | 1,185,000 | -89,000 | 779,000 | 446,000 | -778,000 | 1,770,000 | -367,000 | -1,069,000 | -66,000 | -726,000 | -797,000 |
P&L
December 2022turnover
16.3m
+7%
operating profit
667k
+1%
gross margin
34.5%
+3.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.8m
+0.21%
total assets
7m
-0.11%
cash
2.5m
+0.03%
net assets
Total assets minus all liabilities
Similar Companies
porcelanosa (midlands) limited company details
company number
02366908
Type
Private limited with Share Capital
industry
46730 - Wholesale of wood, construction materials and sanitary equipment
incorporation date
March 1989
age
35
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
porcelanosa (contracts) limited (November 1991)
toby d. limited (March 1991)
incorporated
UK
address
units 1 - 6 otterspool way, bushey, watford, WD25 8HL
last accounts submitted
December 2022
porcelanosa (midlands) 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 1 charges/mortgages relating to porcelanosa (midlands) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
porcelanosa (midlands) limited Companies House Filings - See Documents
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