united welding supplies limited

Live MatureMidHealthy

united welding supplies limited Company Information

Share UNITED WELDING SUPPLIES LIMITED

Company Number

02390879

Directors

Colin Allen

Adam Wigley

View All

Shareholders

yvonne maura allen

colin charles allen

View All

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

manufactory house, bell lane, hertford herts, SG14 1BP

united welding supplies limited Estimated Valuation

£7.8m

Pomanda estimates the enterprise value of UNITED WELDING SUPPLIES LIMITED at £7.8m based on a Turnover of £11.3m and 0.69x industry multiple (adjusted for size and gross margin).

united welding supplies limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of UNITED WELDING SUPPLIES LIMITED at £1.5m based on an EBITDA of £294.2k and a 5.06x industry multiple (adjusted for size and gross margin).

united welding supplies limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of UNITED WELDING SUPPLIES LIMITED at £5.3m based on Net Assets of £2.5m and 2.13x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

United Welding Supplies Limited Overview

United Welding Supplies Limited is a live company located in hertford herts, SG14 1BP with a Companies House number of 02390879. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 1989, it's largest shareholder is yvonne maura allen with a 45% stake. United Welding Supplies Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

United Welding Supplies Limited Health Check

Pomanda's financial health check has awarded United Welding Supplies Limited a 4.5 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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £11.3m, make it larger than the average company (£3.7m)

£11.3m - United Welding Supplies Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.3%)

7% - United Welding Supplies Limited

8.3% - Industry AVG

production

Production

with a gross margin of 38%, this company has a comparable cost of product (38%)

38% - United Welding Supplies Limited

38% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (5.7%)

1.8% - United Welding Supplies Limited

5.7% - Industry AVG

employees

Employees

with 38 employees, this is above the industry average (22)

38 - United Welding Supplies Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)

£46.5k - United Welding Supplies Limited

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £297.2k, this is more efficient (£146k)

£297.2k - United Welding Supplies Limited

£146k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is later than average (36 days)

61 days - United Welding Supplies Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (33 days)

57 days - United Welding Supplies Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 61 days, this is more than average (28 days)

61 days - United Welding Supplies Limited

28 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 (26 weeks)

5 weeks - United Welding Supplies Limited

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.5%, this is a lower level of debt than the average (58.8%)

45.5% - United Welding Supplies Limited

58.8% - Industry AVG

UNITED WELDING SUPPLIES LIMITED financials

EXPORTms excel logo

United Welding Supplies Limited's latest turnover from March 2024 is estimated at £11.3 million and the company has net assets of £2.5 million. According to their latest financial statements, United Welding Supplies Limited has 38 employees and maintains cash reserves of £206.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover11,294,33810,533,1789,809,1029,170,6699,611,9369,284,8618,200,0727,381,6018,880,3489,142,0069,557,8138,397,0087,926,0315,855,1434,614,749
Other Income Or Grants
Cost Of Sales7,007,0496,481,8816,087,7135,755,4675,964,1365,789,6045,092,6964,510,1345,540,1105,786,7226,088,8035,319,5204,890,0053,516,1882,748,265
Gross Profit4,287,2894,051,2973,721,3883,415,2023,647,8003,495,2563,107,3762,871,4673,340,2393,355,2843,469,0093,077,4883,036,0252,338,9551,866,484
Admin Expenses4,083,3563,840,0312,558,4063,107,5333,662,2093,502,4852,921,8482,682,1063,334,6533,328,0313,387,6143,072,0813,028,1902,354,2361,465,201
Operating Profit203,933211,2661,162,982307,669-14,409-7,229185,528189,3615,58627,25381,3955,4077,835-15,281401,283
Interest Payable
Interest Receivable7,8512,4624007347305238138417457253772354
Pre-Tax Profit211,784213,7281,163,383307,742-14,362-6,924185,765189,4996,00427,71081,6485,4847,858-15,276401,288
Tax-52,946-40,608-221,043-58,471-35,295-37,900-1,201-5,819-18,779-1,316-2,043-112,360
Profit After Tax158,838173,120942,340249,271-14,362-6,924150,470151,5994,80321,89162,8694,1685,815-15,276288,927
Dividends Paid
Retained Profit158,838173,120942,340249,271-14,362-6,924150,470151,5994,80321,89162,8694,1685,815-15,276288,927
Employee Costs1,765,8981,701,2601,606,6271,408,2771,630,7641,543,3611,346,1351,208,3192,495,4732,523,1272,680,8092,332,2032,222,2221,680,4971,310,283
Number Of Employees383838354140373470717667644937
EBITDA*294,231297,5361,235,602371,79451,15564,516245,587247,36259,54774,263137,47642,89840,72219,375435,942

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets480,969473,344444,229396,457358,998419,318419,781337,698330,396276,730256,468224,381188,423169,867190,153
Intangible Assets31,53441,23648,513
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets512,503514,580492,742396,457358,998419,318419,781337,698330,396276,730256,468224,381188,423169,867190,153
Stock & work in progress1,171,7351,073,5881,134,840635,320624,685696,775635,500620,000618,180579,520673,860659,217637,069565,069527,000
Trade Debtors1,892,1511,931,6951,882,7231,515,9991,566,8731,631,4341,466,0971,293,4381,239,5781,121,3431,145,869987,6581,002,999779,302629,883
Group Debtors
Misc Debtors796,139671,229547,009547,89541,02734,94330,33831,54332,512
Cash206,12792,96422,89783,84261,15933,44548,00847,01863,506103,45279,52921,7449,1022301,608
misc current assets
total current assets4,066,1523,769,4763,587,4692,783,0562,293,7442,396,5972,179,9431,991,9991,953,7761,804,3151,899,2581,668,6191,649,1701,344,6011,158,491
total assets4,578,6554,284,0564,080,2113,179,5132,652,7422,815,9152,599,7242,329,6972,284,1722,081,0452,155,7261,893,0001,837,5931,514,4681,348,644
Bank overdraft
Bank loan
Trade Creditors 1,111,9181,079,8051,004,0811,331,1571,350,0511,203,6381,013,391948,8611,009,7651,369,6801,461,1761,276,7041,222,293906,647714,461
Group/Directors Accounts146,107
other short term finances
hp & lease commitments32,3603,22624,56516,886
other current liabilities773,762759,352837,983571,833281,831575,663390,253508,247541,949
total current liabilities1,918,0401,839,1571,842,0641,902,9901,631,8821,779,3011,552,9771,481,6731,568,6001,369,6801,461,1761,276,7041,222,293906,647714,461
loans
hp & lease commitments55,3113,22622,375
Accruals and Deferred Income
other liabilities22,97128,04712,66215,83414,17025,256
provisions107,753106,18672,55453,27046,87848,27051,479
total long term liabilities163,064106,18672,55453,27046,87848,27051,4793,22622,37522,97128,04712,66215,83414,17025,256
total liabilities2,081,1041,945,3431,914,6181,956,2601,678,7601,827,5711,604,4561,484,8991,590,9751,392,6511,489,2231,289,3661,238,127920,817739,717
net assets2,497,5512,338,7132,165,5931,223,253973,982988,344995,268844,798693,197688,394666,503603,634599,466593,651608,927
total shareholders funds2,497,5512,338,7132,165,5931,223,253973,982988,344995,268844,798693,197688,394666,503603,634599,466593,651608,927
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit203,933211,2661,162,982307,669-14,409-7,229185,528189,3615,58627,25381,3955,4077,835-15,281401,283
Depreciation80,59678,99372,62064,12565,56471,74560,05958,00153,96147,01056,08137,49132,88734,65634,659
Amortisation9,7027,277
Tax-52,946-40,608-221,043-58,471-35,295-37,900-1,201-5,819-18,779-1,316-2,043-112,360
Stock98,147-61,252499,52010,635-72,09061,27515,5001,82038,660-94,34014,64322,14872,00038,069527,000
Debtors85,366173,192365,838455,994-58,477169,942171,45452,891150,747-24,526158,211-15,341223,697149,419629,883
Creditors32,11375,724-327,076-18,894146,413190,24764,530-60,904-359,915-91,496184,47254,411315,646192,186714,461
Accruals and Deferred Income14,410-78,631266,150290,002-293,832185,410-117,994-33,702541,949
Deferred Taxes & Provisions1,56733,63219,2846,392-1,392-3,20951,479
Cash flow from operations105,862175,713107,559124,19432,911205,74721,35360,14550,97395,814130,31589,18658,62824,073-118,840
Investing Activities
capital expenditure-88,221-108,108-168,905-101,584-5,244-71,282-142,142-65,303-107,627-67,272-88,168-73,449-51,443-14,370-224,812
Change in Investments
cash flow from investments-88,221-108,108-168,905-101,584-5,244-71,282-142,142-65,303-107,627-67,272-88,168-73,449-51,443-14,370-224,812
Financing Activities
Bank loans
Group/Directors Accounts-146,107146,107
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments87,671-3,226-24,565-11,47039,261
other long term liabilities-22,971-5,07615,385-3,1721,664-11,08625,256
share issue2320,000
interest7,8512,4624007347305238138417457253772354
cash flow from financing95,5222,4624007347-149,028121,780-11,33016,707-4,61915,638-3,0951,687-11,081345,260
cash and cash equivalents
cash113,16370,067-60,94522,68327,714-14,563990-16,488-39,94623,92357,78512,6428,872-1,3781,608
overdraft
change in cash113,16370,067-60,94522,68327,714-14,563990-16,488-39,94623,92357,78512,6428,872-1,3781,608

united welding supplies limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for united welding supplies limited. Get real-time insights into united welding supplies limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

United Welding Supplies Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for united welding supplies limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in SG14 area or any other competitors across 12 key performance metrics.

united welding supplies limited Ownership

UNITED WELDING SUPPLIES LIMITED group structure

United Welding Supplies Limited has no subsidiary companies.

Ultimate parent company

UNITED WELDING SUPPLIES LIMITED

02390879

UNITED WELDING SUPPLIES LIMITED Shareholders

yvonne maura allen 45%
colin charles allen 45%
adam russell wigley 3%
gill wigley 2%
joanna harrison 1.5%
patrick richard appleby 1.37%
gemma elisabeth reid 1.12%
james harrison 1%
lawrence benjamin allen 0%
laura elizabeth foster 0%

united welding supplies limited directors

United Welding Supplies Limited currently has 4 directors. The longest serving directors include Mr Colin Allen (Aug 1991) and Mr Adam Wigley (Nov 2017).

officercountryagestartendrole
Mr Colin AllenEngland71 years Aug 1991- Director
Mr Adam WigleyEngland45 years Nov 2017- Director
Mr James HarrisonEngland48 years Nov 2017- Director
Mr Patrick ApplebyEngland48 years Nov 2017- Director

P&L

March 2024

turnover

11.3m

+7%

operating profit

203.9k

0%

gross margin

38%

-1.31%

turnover

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

Balance Sheet

March 2024

net assets

2.5m

+0.07%

total assets

4.6m

+0.07%

cash

206.1k

+1.22%

net assets

Total assets minus all liabilities

united welding supplies limited company details

company number

02390879

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 1989

age

36

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

united welding supplies (norwich) limited (March 1999)

flintblock limited (July 1989)

accountant

COOK AND PARTNERS LIMITED

auditor

-

address

manufactory house, bell lane, hertford herts, SG14 1BP

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

united welding supplies 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 2 charges/mortgages relating to united welding supplies limited. Currently there are 2 open charges and 0 have been satisfied in the past.

united welding supplies limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for UNITED WELDING SUPPLIES LIMITED. This can take several minutes, an email will notify you when this has completed.

united welding supplies limited Companies House Filings - See Documents

datedescriptionview/download