w.t.i. fasteners ltd Company Information
Company Number
02417598
Website
www.wti-fasteners.co.ukRegistered Address
meridian house leicester road, new packington, ashby-de-la-zouch, leicestershire, LE65 1TR
Industry
Manufacture of fasteners and screw machine products
Telephone
01530416888
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
mr wayne b. smith 33.3%
mrs josephine c. mason 33.3%
View Allw.t.i. fasteners ltd Estimated Valuation
Pomanda estimates the enterprise value of W.T.I. FASTENERS LTD at £1m based on a Turnover of £2m and 0.5x industry multiple (adjusted for size and gross margin).
w.t.i. fasteners ltd Estimated Valuation
Pomanda estimates the enterprise value of W.T.I. FASTENERS LTD at £1.8m based on an EBITDA of £499.6k and a 3.65x industry multiple (adjusted for size and gross margin).
w.t.i. fasteners ltd Estimated Valuation
Pomanda estimates the enterprise value of W.T.I. FASTENERS LTD at £6m based on Net Assets of £4.5m and 1.35x industry multiple (adjusted for liquidity).
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W.t.i. Fasteners Ltd Overview
W.t.i. Fasteners Ltd is a live company located in ashby-de-la-zouch, LE65 1TR with a Companies House number of 02417598. It operates in the manufacture of fasteners and screw machine products sector, SIC Code 25940. Founded in August 1989, it's largest shareholder is mr wayne b. smith with a 33.3% stake. W.t.i. Fasteners Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.
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W.t.i. Fasteners Ltd Health Check
Pomanda's financial health check has awarded W.T.I. Fasteners Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
4 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2m, make it smaller than the average company (£13.3m)
- W.t.i. Fasteners Ltd
£13.3m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.4%)
- W.t.i. Fasteners Ltd
8.4% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 33.5%, this company has a comparable cost of product (33.5%)
- W.t.i. Fasteners Ltd
33.5% - Industry AVG
![profitability](/assets/images/scoreRate2.png)
Profitability
an operating margin of 19.6% make it more profitable than the average company (9%)
- W.t.i. Fasteners Ltd
9% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 12 employees, this is below the industry average (84)
12 - W.t.i. Fasteners Ltd
84 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £39.5k, the company has an equivalent pay structure (£39.5k)
- W.t.i. Fasteners Ltd
£39.5k - Industry AVG
![efficiency](/assets/images/scoreRate1.png)
Efficiency
resulting in sales per employee of £169.7k, this is equally as efficient (£183.2k)
- W.t.i. Fasteners Ltd
£183.2k - Industry AVG
![debtordays](/assets/images/scoreRate1.png)
Debtor Days
it gets paid by customers after 69 days, this is near the average (60 days)
- W.t.i. Fasteners Ltd
60 days - Industry AVG
![creditordays](/assets/images/scoreRate2.png)
Creditor Days
its suppliers are paid after 44 days, this is slower than average (34 days)
- W.t.i. Fasteners Ltd
34 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 323 days, this is more than average (133 days)
- W.t.i. Fasteners Ltd
133 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 198 weeks, this is more cash available to meet short term requirements (9 weeks)
198 weeks - W.t.i. Fasteners Ltd
9 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 10.7%, this is a lower level of debt than the average (39.6%)
10.7% - W.t.i. Fasteners Ltd
39.6% - Industry AVG
W.T.I. FASTENERS LTD financials
![ms excel logo](/assets/images/ms_excel_logo.png)
W.T.I. Fasteners Ltd's latest turnover from October 2023 is estimated at £2 million and the company has net assets of £4.5 million. According to their latest financial statements, W.T.I. Fasteners Ltd has 12 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 12 | 14 | 13 | 13 | 14 | 17 | 15 | 15 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,618,979 | 1,538,446 | 1,603,683 | 417,334 | 463,410 | 390,938 | 412,195 | 386,935 | 409,362 | 272,187 | 266,703 | 236,432 | 181,715 | 119,009 | 105,019 |
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 | 1,229 | 1,229 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,618,979 | 1,538,446 | 1,603,683 | 417,334 | 463,410 | 390,938 | 412,195 | 386,935 | 409,362 | 272,187 | 266,703 | 236,432 | 181,715 | 120,238 | 106,248 |
Stock & work in progress | 1,199,358 | 1,083,688 | 737,087 | 749,895 | 716,146 | 617,345 | 473,823 | 434,817 | 451,014 | 364,284 | 314,804 | 328,486 | 334,002 | 297,144 | 237,236 |
Trade Debtors | 389,705 | 353,701 | 332,327 | 307,965 | 346,592 | 336,349 | 247,816 | 267,347 | 278,852 | 355,393 | 259,279 | 298,289 | 337,552 | 347,519 | 232,749 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 68,967 | 49,078 | 15,398 | 12,937 | 7,900 | 42,613 | 12,965 | 3,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,728,052 | 1,815,406 | 1,901,054 | 2,050,152 | 1,673,660 | 1,374,005 | 761,749 | 469,044 | 338,364 | 337,967 | 468,196 | 251,961 | 335,512 | 331,656 | 174,887 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,386,082 | 3,301,873 | 2,985,866 | 3,120,949 | 2,744,298 | 2,370,312 | 1,496,353 | 1,175,158 | 1,068,230 | 1,057,644 | 1,042,279 | 878,736 | 1,007,066 | 976,319 | 644,872 |
total assets | 5,005,061 | 4,840,319 | 4,589,549 | 3,538,283 | 3,207,708 | 2,761,250 | 1,908,548 | 1,562,093 | 1,477,592 | 1,329,831 | 1,308,982 | 1,115,168 | 1,188,781 | 1,096,557 | 751,120 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 164,008 | 416,333 | 216,732 | 122,169 | 42,329 | 135,962 | 117,542 | 102,639 | 232,921 | 206,808 | 158,910 | 123,676 | 159,828 | 233,990 | 130,477 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 10,572 | 25,484 | 16,267 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 288,844 | 262,794 | 211,418 | 129,529 | 176,682 | 313,186 | 150,575 | 149,712 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 452,852 | 679,127 | 428,150 | 251,698 | 219,011 | 459,720 | 293,601 | 268,618 | 232,921 | 206,808 | 158,910 | 123,676 | 159,828 | 233,990 | 130,477 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 7,088 | 17,660 | 17,623 | 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 | 33,890 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 83,007 | 57,453 | 69,484 | 74,354 | 82,516 | 64,965 | 67,807 | 53,545 | 57,382 | 29,304 | 26,442 | 27,312 | 29,058 | 16,972 | 9,260 |
total long term liabilities | 83,007 | 57,453 | 69,484 | 74,354 | 82,516 | 72,053 | 85,467 | 71,168 | 91,272 | 29,304 | 26,442 | 27,312 | 29,058 | 16,972 | 9,260 |
total liabilities | 535,859 | 736,580 | 497,634 | 326,052 | 301,527 | 531,773 | 379,068 | 339,786 | 324,193 | 236,112 | 185,352 | 150,988 | 188,886 | 250,962 | 139,737 |
net assets | 4,469,202 | 4,103,739 | 4,091,915 | 3,212,231 | 2,906,181 | 2,229,477 | 1,529,480 | 1,222,307 | 1,153,399 | 1,093,719 | 1,123,630 | 964,180 | 999,895 | 845,595 | 611,383 |
total shareholders funds | 4,469,202 | 4,103,739 | 4,091,915 | 3,212,231 | 2,906,181 | 2,229,477 | 1,529,480 | 1,222,307 | 1,153,399 | 1,093,719 | 1,123,630 | 964,180 | 999,895 | 845,595 | 611,383 |
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 100,942 | 81,984 | 83,059 | 86,723 | 87,585 | 90,550 | 94,207 | 84,171 | 82,416 | 62,099 | 55,282 | 37,173 | 30,366 | 30,156 | 25,700 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 115,670 | 346,601 | -12,808 | 33,749 | 98,801 | 143,522 | 39,006 | -16,197 | 86,730 | 49,480 | -13,682 | -5,516 | 36,858 | 59,908 | 237,236 |
Debtors | 55,893 | 55,054 | 26,823 | -33,590 | -24,470 | 118,181 | -10,516 | -7,555 | -76,541 | 96,114 | -39,010 | -39,263 | -9,967 | 114,770 | 232,749 |
Creditors | -252,325 | 199,601 | 94,563 | 79,840 | -93,633 | 18,420 | 14,903 | -130,282 | 26,113 | 47,898 | 35,234 | -36,152 | -74,162 | 103,513 | 130,477 |
Accruals and Deferred Income | 26,050 | 51,376 | 81,889 | -47,153 | -136,504 | 162,611 | 863 | 149,712 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 25,554 | -12,031 | -4,870 | -8,162 | 17,551 | -2,842 | 14,262 | -3,837 | 28,078 | 2,862 | -870 | -1,746 | 12,086 | 7,712 | 9,260 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,229 | 0 | 1,229 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -17,660 | -25,484 | 9,254 | 33,890 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,890 | 33,890 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -87,354 | -85,648 | -149,098 | 376,492 | 299,655 | 612,256 | 292,705 | 130,680 | 397 | -130,229 | 216,235 | -83,551 | 3,856 | 156,769 | 174,887 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -87,354 | -85,648 | -149,098 | 376,492 | 299,655 | 612,256 | 292,705 | 130,680 | 397 | -130,229 | 216,235 | -83,551 | 3,856 | 156,769 | 174,887 |
w.t.i. fasteners ltd Credit Report and Business Information
W.t.i. Fasteners Ltd Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for w.t.i. fasteners ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LE65 area or any other competitors across 12 key performance metrics.
w.t.i. fasteners ltd Ownership
W.T.I. FASTENERS LTD group structure
W.T.I. Fasteners Ltd has no subsidiary companies.
Ultimate parent company
W.T.I. FASTENERS LTD
02417598
w.t.i. fasteners ltd directors
W.T.I. Fasteners Ltd currently has 2 directors. The longest serving directors include Mr Andrew Mason (Aug 1991) and Mrs Josephine Mason (Aug 1991).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Mason | 59 years | Aug 1991 | - | Director | |
Mrs Josephine Mason | 61 years | Aug 1991 | - | Director |
P&L
October 2023turnover
2m
-15%
operating profit
398.7k
0%
gross margin
33.5%
+16.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
4.5m
+0.09%
total assets
5m
+0.03%
cash
1.7m
-0.05%
net assets
Total assets minus all liabilities
w.t.i. fasteners ltd company details
company number
02417598
Type
Private limited with Share Capital
industry
25940 - Manufacture of fasteners and screw machine products
incorporation date
August 1989
age
35
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
clearkind limited (September 1989)
last accounts submitted
October 2023
address
meridian house leicester road, new packington, ashby-de-la-zouch, leicestershire, LE65 1TR
accountant
-
auditor
-
w.t.i. fasteners ltd 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 w.t.i. fasteners ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
w.t.i. fasteners ltd Companies House Filings - See Documents
date | description | view/download |
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