W.t.i. Fasteners Ltd

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w.t.i. fasteners ltd Company Information

Live

MatureSmallHealthy

Company Number

02417598

Website

www.wti-fasteners.co.uk

Registered 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

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Directors

Andrew Mason33 Years

Josephine Mason33 Years

Shareholders

mr wayne b. smith 33.3%

mrs josephine c. mason 33.3%

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w.t.i. fasteners ltd Estimated Valuation

£6m

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 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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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 Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £2m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.4%)

EXPORT

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	2,035,975	2,384,350	1,901,719	1,757,931	1,691,454	1,869,337	1,406,056	1,374,122	1,486,918	1,411,948	1,092,516	1,104,173	1,206,603	1,519,045	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,354,367	1,696,293	1,355,079	1,234,679	1,180,862	1,251,769	983,747	981,920	1,061,117	971,195	745,361	757,111	858,925	1,053,868	0
Gross Profit	681,608	688,057	546,640	523,252	510,592	617,568	422,309	392,202	425,801	440,753	347,155	347,062	347,677	465,177	0
Admin Expenses	282,910	715,270	-537,414	147,274	-313,416	-238,617	44,622	307,076	352,892	472,679	141,877	381,246	140,831	141,149	-829,539
Operating Profit	398,698	-27,213	1,084,054	375,978	824,008	856,185	377,687	85,126	72,909	-31,926	205,278	-34,184	206,846	324,028	829,539
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	88,586	41,810	1,976	1,862	11,429	8,009	1,538	1,009	1,691	2,015	1,800	1,469	1,668	1,266	437
Pre-Tax Profit	487,284	14,598	1,086,030	377,840	835,437	864,194	379,226	86,135	74,600	-29,911	207,078	-32,715	208,514	325,294	829,976
Tax	-121,821	-2,774	-206,346	-71,790	-158,733	-164,197	-72,053	-17,227	-14,920	0	-47,628	0	-54,214	-91,082	-232,393
Profit After Tax	365,463	11,824	879,684	306,050	676,704	699,997	307,173	68,908	59,680	-29,911	159,450	-32,715	154,300	234,212	597,583
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	365,463	11,824	879,684	306,050	676,704	699,997	307,173	68,908	59,680	-29,911	159,450	-32,715	154,300	234,212	597,583
Employee Costs	474,057	503,362	426,393	437,837	469,671	545,941	459,545	448,983	383,758	319,421	260,442	293,296	317,620	418,929	0
Number Of Employees	12	14	13	13	14	17	15	15	13	11	9	10	11	16	0
EBITDA*	499,640	54,771	1,167,113	462,701	911,593	946,735	471,894	169,297	155,325	30,173	260,560	2,989	237,212	354,184	855,239

* 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	398,698	-27,213	1,084,054	375,978	824,008	856,185	377,687	85,126	72,909	-31,926	205,278	-34,184	206,846	324,028	829,539
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	-121,821	-2,774	-206,346	-71,790	-158,733	-164,197	-72,053	-17,227	-14,920	0	-47,628	0	-54,214	-91,082	-232,393
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	5,535	-110,712	1,118,334	415,277	465,943	699,024	401,379	191,415	184,407	-64,661	299,988	9,870	94,031	199,649	292,598
Investing Activities
capital expenditure	-181,475	-16,747	-1,269,408	-40,647	-160,057	-69,293	-119,467	-61,744	-219,591	-67,583	-85,553	-91,890	-93,072	-44,146	-130,719
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	-1,229	0	1,229
cash flow from investments	-181,475	-16,747	-1,269,408	-40,647	-160,057	-69,293	-119,467	-61,744	-219,591	-67,583	-85,553	-91,890	-91,843	-44,146	-131,948
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	0	0	0	0	0	0	0	0	0	0	0	-3,000	0	0	13,800
interest	88,586	41,810	1,976	1,862	11,429	8,009	1,538	1,009	1,691	2,015	1,800	1,469	1,668	1,266	437
cash flow from financing	88,586	41,810	1,976	1,862	-6,231	-17,475	10,792	1,009	35,581	2,015	1,800	-1,531	1,668	1,266	14,237
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 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 Shareholders

mr wayne b. smith	33.33%
mrs josephine c. mason	33.33%
mr andrew j. mason	33.33%

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 2023

turnover

-15%

operating profit

398.7k

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 2023

net assets

4.5m

+0.09%

total assets

+0.03%

cash

1.7m

-0.05%

net assets

Total assets minus all liabilities

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company number

02417598

Type

Private limited with Share Capital

industry

25940 - Manufacture of fasteners and screw machine products

incorporation date

August 1989

accounts

Total Exemption Full

ultimate parent company

None

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

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.

w.t.i. fasteners ltd Company Information

w.t.i. fasteners ltd Estimated Valuation

w.t.i. fasteners ltd Estimated Valuation

w.t.i. fasteners ltd Estimated Valuation

W.t.i. Fasteners Ltd Overview

W.t.i. Fasteners Ltd Health Check

W.T.I. FASTENERS LTD financials

w.t.i. fasteners ltd Credit Report and Business Information

W.t.i. Fasteners Ltd Competitor Analysis

w.t.i. fasteners ltd Ownership

w.t.i. fasteners ltd directors

w.t.i. fasteners ltd company details

w.t.i. fasteners ltd Charges & Mortgages

w.t.i. fasteners ltd Companies House Filings - See Documents