vinshire plumbing and heating limited
vinshire plumbing and heating limited Company Information
Company Number
02389216
Website
www.vinshire.comRegistered Address
4b cornerblock, 2 cornwall street, birmingham, B3 2DX
Industry
Plumbing, heat and air-conditioning installation
Telephone
01332769717
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
nicholas paul clark 50%
nicholas john burdell 50%
vinshire plumbing and heating limited Estimated Valuation
Pomanda estimates the enterprise value of VINSHIRE PLUMBING AND HEATING LIMITED at £3.9m based on a Turnover of £7.9m and 0.49x industry multiple (adjusted for size and gross margin).
vinshire plumbing and heating limited Estimated Valuation
Pomanda estimates the enterprise value of VINSHIRE PLUMBING AND HEATING LIMITED at £992.8k based on an EBITDA of £176.7k and a 5.62x industry multiple (adjusted for size and gross margin).
vinshire plumbing and heating limited Estimated Valuation
Pomanda estimates the enterprise value of VINSHIRE PLUMBING AND HEATING LIMITED at £1.5m based on Net Assets of £446.3k and 3.25x industry multiple (adjusted for liquidity).
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Vinshire Plumbing And Heating Limited Overview
Vinshire Plumbing And Heating Limited is a dissolved company that was located in birmingham, B3 2DX with a Companies House number of 02389216. It operated in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in May 1989, it's largest shareholder was nicholas paul clark with a 50% stake. The last turnover for Vinshire Plumbing And Heating Limited was estimated at £7.9m.
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Vinshire Plumbing And Heating Limited Health Check
Pomanda's financial health check has awarded Vinshire Plumbing And Heating Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £7.9m, make it larger than the average company (£270.2k)
- Vinshire Plumbing And Heating Limited
£270.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (7.1%)
- Vinshire Plumbing And Heating Limited
7.1% - Industry AVG
Production
with a gross margin of 32.8%, this company has a comparable cost of product (32.8%)
- Vinshire Plumbing And Heating Limited
32.8% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (7.6%)
- Vinshire Plumbing And Heating Limited
7.6% - Industry AVG
Employees
with 108 employees, this is above the industry average (8)
108 - Vinshire Plumbing And Heating Limited
8 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has an equivalent pay structure (£34.3k)
- Vinshire Plumbing And Heating Limited
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £72.8k, this is less efficient (£114.7k)
- Vinshire Plumbing And Heating Limited
£114.7k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (49 days)
- Vinshire Plumbing And Heating Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (47 days)
- Vinshire Plumbing And Heating Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is more than average (10 days)
- Vinshire Plumbing And Heating Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)
0 weeks - Vinshire Plumbing And Heating Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.6%, this is a higher level of debt than the average (69.4%)
88.6% - Vinshire Plumbing And Heating Limited
69.4% - Industry AVG
VINSHIRE PLUMBING AND HEATING LIMITED financials
Vinshire Plumbing And Heating Limited's latest turnover from April 2018 is estimated at £7.9 million and the company has net assets of £446.3 thousand. According to their latest financial statements, Vinshire Plumbing And Heating Limited has 108 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,373,995 | 11,311,219 | 17,665,940 | 8,377,714 | 7,450,088 | 7,641,940 | 8,141,556 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 8,023,263 | 9,611,623 | 15,606,873 | 7,310,263 | 6,320,995 | 6,077,708 | 6,460,213 | ||
| Gross Profit | 1,350,732 | 1,699,596 | 2,059,067 | 1,067,451 | 1,129,093 | 1,564,232 | 1,681,343 | ||
| Admin Expenses | 1,289,015 | 1,492,093 | 2,176,273 | 1,033,681 | 647,603 | 676,085 | 810,213 | ||
| Operating Profit | 61,717 | 207,503 | -117,206 | 33,770 | 481,490 | 888,147 | 871,130 | ||
| Interest Payable | 12,792 | 13,236 | 97,180 | 6,468 | 4,652 | 37,754 | 51,697 | ||
| Interest Receivable | 8,429 | 7,883 | 140,456 | 14,002 | 8,643 | 343 | 1,592 | ||
| Pre-Tax Profit | 57,354 | 202,416 | -73,930 | 41,304 | 485,481 | 855,308 | 831,026 | ||
| Tax | -11,533 | -41,457 | 10,516 | -18,499 | -115,595 | -234,364 | -235,774 | ||
| Profit After Tax | 45,821 | 160,959 | -63,414 | 22,805 | 369,886 | 620,944 | 595,252 | ||
| Dividends Paid | 0 | 0 | 0 | 136,000 | 626,110 | 405,250 | 517,050 | ||
| Retained Profit | 45,821 | 160,959 | -63,414 | -113,195 | -256,224 | 215,694 | 78,202 | ||
| Employee Costs | 3,027,742 | 3,433,085 | 5,260,422 | 2,320,284 | 1,642,261 | 1,560,331 | 1,769,104 | ||
| Number Of Employees | 108 | 93 | 91 | 106 | 113 | 73 | 56 | 54 | 71 |
| EBITDA* | 121,680 | 292,991 | 6,599 | 59,090 | 549,202 | 964,280 | 972,490 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 188,777 | 153,504 | 214,013 | 278,720 | 386,346 | 380,545 | 253,260 | 285,344 | 365,330 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 188,777 | 153,504 | 214,013 | 278,720 | 386,346 | 380,545 | 253,260 | 285,344 | 365,330 |
| Stock & work in progress | 338,000 | 194,245 | 193,721 | 135,888 | 128,518 | 55,252 | 5,690 | 7,919 | 6,397 |
| Trade Debtors | 521,839 | 461,826 | 442,298 | 1,927,552 | 1,568,968 | 1,596,768 | 868,292 | 671,688 | 1,379,783 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,862,371 | 2,110,250 | 1,536,338 | 413,332 | 356,314 | 387,085 | 428,721 | 40,964 | 66,351 |
| Cash | 2,125 | 722 | 0 | 426,427 | 99,314 | 136,539 | 279,289 | 781,170 | 384,299 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,724,335 | 2,767,043 | 2,172,357 | 2,903,199 | 2,153,114 | 2,175,644 | 1,581,992 | 1,501,741 | 1,836,830 |
| total assets | 3,913,112 | 2,920,547 | 2,386,370 | 3,181,919 | 2,539,460 | 2,556,189 | 1,835,252 | 1,787,085 | 2,202,160 |
| Bank overdraft | 620,988 | 186,972 | 56,898 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,915,594 | 1,623,086 | 1,389,865 | 2,147,138 | 1,734,957 | 1,261,891 | 796,854 | 445,308 | 666,523 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,451 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 26,635 | 25,367 | 59,037 | 86,359 | 100,476 | 81,287 | 38,980 | 41,493 | 110,560 |
| other current liabilities | 811,965 | 703,160 | 572,041 | 620,335 | 453,670 | 799,628 | 450,950 | 499,792 | 610,393 |
| total current liabilities | 3,375,182 | 2,538,585 | 2,077,841 | 2,853,832 | 2,289,103 | 2,142,806 | 1,286,784 | 986,593 | 1,575,927 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 72,344 | 11,769 | 0 | 58,355 | 144,713 | 134,827 | 24,216 | 21,673 | 61,203 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 100,000 | 250,000 | 250,000 | 250,000 |
| provisions | 19,293 | 10,725 | 16,722 | 23,746 | 20,617 | 30,115 | 12,616 | 10,957 | 12,862 |
| total long term liabilities | 91,637 | 22,494 | 16,722 | 82,101 | 165,330 | 264,942 | 286,832 | 282,630 | 324,065 |
| total liabilities | 3,466,819 | 2,561,079 | 2,094,563 | 2,935,933 | 2,454,433 | 2,407,748 | 1,573,616 | 1,269,223 | 1,899,992 |
| net assets | 446,293 | 359,468 | 291,807 | 245,986 | 85,027 | 148,441 | 261,636 | 517,862 | 302,168 |
| total shareholders funds | 446,293 | 359,468 | 291,807 | 245,986 | 85,027 | 148,441 | 261,636 | 517,862 | 302,168 |
| Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 61,717 | 207,503 | -117,206 | 33,770 | 481,490 | 888,147 | 871,130 | ||
| Depreciation | 43,285 | 33,967 | 59,963 | 85,488 | 123,805 | 25,320 | 67,712 | 76,133 | 101,360 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -11,533 | -41,457 | 10,516 | -18,499 | -115,595 | -234,364 | -235,774 | ||
| Stock | 143,755 | 524 | 57,833 | 7,370 | 128,518 | 49,562 | -2,229 | 1,522 | 6,397 |
| Debtors | 812,134 | 593,440 | -362,248 | 415,602 | 1,925,282 | 686,840 | 584,361 | -733,482 | 1,446,134 |
| Creditors | 292,508 | 233,221 | -757,273 | 412,181 | 1,734,957 | 465,037 | 351,546 | -221,215 | 666,523 |
| Accruals and Deferred Income | 108,805 | 131,119 | -48,294 | 166,665 | 453,670 | 348,678 | -48,842 | -110,601 | 610,393 |
| Deferred Taxes & Provisions | 8,568 | -5,997 | -7,024 | 3,129 | 20,617 | 17,499 | 1,659 | -1,905 | 12,862 |
| Cash flow from operations | -398,029 | 410,537 | 172,559 | 135,403 | 155,838 | 1,128,155 | 573,963 | ||
| Investing Activities | |||||||||
| capital expenditure | 958 | 9,163 | -190,514 | -192,737 | -35,628 | -914 | -337,271 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 958 | 9,163 | -190,514 | -192,737 | -35,628 | -914 | -337,271 | ||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -188,451 | 188,451 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 61,843 | -21,901 | -85,677 | -100,475 | 245,189 | 152,918 | 30 | -108,597 | 171,763 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -150,000 | 0 | 0 | 250,000 |
| share issue | |||||||||
| interest | -4,363 | -5,353 | 43,276 | 7,534 | 3,991 | -37,411 | -50,105 | ||
| cash flow from financing | -90,040 | -105,828 | 436,906 | 10,452 | 4,019 | -334,459 | 784,075 | ||
| cash and cash equivalents | |||||||||
| cash | 1,403 | 722 | -426,427 | 327,113 | 99,314 | -142,750 | -501,881 | 396,871 | 384,299 |
| overdraft | 434,016 | 130,074 | 56,898 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -432,613 | -129,352 | -483,325 | 327,113 | 99,314 | -142,750 | -501,881 | 396,871 | 384,299 |
vinshire plumbing and heating limited Credit Report and Business Information
Vinshire Plumbing And Heating Limited Competitor Analysis
Perform a competitor analysis for vinshire plumbing and heating limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vinshire plumbing and heating limited Ownership
VINSHIRE PLUMBING AND HEATING LIMITED group structure
Vinshire Plumbing And Heating Limited has no subsidiary companies.
Ultimate parent company
VINSHIRE PLUMBING AND HEATING LIMITED
02389216
vinshire plumbing and heating limited directors
Vinshire Plumbing And Heating Limited currently has 2 directors. The longest serving directors include Mr Nicholas Burdell (May 1991) and Mr Nicholas Clark (May 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Burdell | United Kingdom | 56 years | May 1991 | - | Director |
| Mr Nicholas Clark | United Kingdom | 54 years | May 1991 | - | Director |
P&L
April 2018turnover
7.9m
+18%
operating profit
133.4k
0%
gross margin
32.9%
-5.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2018net assets
446.3k
+0.24%
total assets
3.9m
+0.34%
cash
2.1k
+1.94%
net assets
Total assets minus all liabilities
Similar Companies
vinshire plumbing and heating limited company details
company number
02389216
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
May 1989
age
35
accounts
Total Exemption Full
ultimate parent company
previous names
addcore limited (May 1991)
incorporated
UK
address
4b cornerblock, 2 cornwall street, birmingham, B3 2DX
last accounts submitted
April 2018
vinshire plumbing and heating 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 vinshire plumbing and heating limited. Currently there are 1 open charges and 3 have been satisfied in the past.
vinshire plumbing and heating limited Companies House Filings - See Documents
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