advanced elastomer systems limited
advanced elastomer systems limited Company Information
Company Number
02512288
Next Accounts
Sep 2025
Shareholders
celanese worldwide holdings 2 llc
Group Structure
View All
Industry
Manufacture of plastics in primary forms
Registered Address
traston road, (off corporation road), newport, south wales, NP19 4XF
advanced elastomer systems limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED ELASTOMER SYSTEMS LIMITED at £88.6m based on a Turnover of £129.1m and 0.69x industry multiple (adjusted for size and gross margin).
advanced elastomer systems limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED ELASTOMER SYSTEMS LIMITED at £54.8m based on an EBITDA of £10.9m and a 5.01x industry multiple (adjusted for size and gross margin).
advanced elastomer systems limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED ELASTOMER SYSTEMS LIMITED at £252.4m based on Net Assets of £140.9m and 1.79x industry multiple (adjusted for liquidity).
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Advanced Elastomer Systems Limited Overview
Advanced Elastomer Systems Limited is a live company located in newport, NP19 4XF with a Companies House number of 02512288. It operates in the manufacture of plastics in primary forms sector, SIC Code 20160. Founded in June 1990, it's largest shareholder is celanese worldwide holdings 2 llc with a 100% stake. Advanced Elastomer Systems Limited is a mature, mega sized company, Pomanda has estimated its turnover at £129.1m with healthy growth in recent years.
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Advanced Elastomer Systems Limited Health Check
Pomanda's financial health check has awarded Advanced Elastomer Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £129.1m, make it larger than the average company (£22.8m)
£129.1m - Advanced Elastomer Systems Limited
£22.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6%)
4% - Advanced Elastomer Systems Limited
6% - Industry AVG
Production
with a gross margin of 8.9%, this company has a higher cost of product (17.9%)
8.9% - Advanced Elastomer Systems Limited
17.9% - Industry AVG
Profitability
an operating margin of 4.3% make it as profitable than the average company (4.3%)
4.3% - Advanced Elastomer Systems Limited
4.3% - Industry AVG
Employees
with 85 employees, this is similar to the industry average (71)
85 - Advanced Elastomer Systems Limited
71 - Industry AVG
Pay Structure
on an average salary of £89.8k, the company has a higher pay structure (£48.4k)
£89.8k - Advanced Elastomer Systems Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£327.8k)
£1.5m - Advanced Elastomer Systems Limited
£327.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (42 days)
0 days - Advanced Elastomer Systems Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (29 days)
56 days - Advanced Elastomer Systems Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 90 days, this is more than average (50 days)
90 days - Advanced Elastomer Systems Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Advanced Elastomer Systems Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.7%, this is a lower level of debt than the average (39.2%)
15.7% - Advanced Elastomer Systems Limited
39.2% - Industry AVG
ADVANCED ELASTOMER SYSTEMS LIMITED financials
Advanced Elastomer Systems Limited's latest turnover from December 2023 is £129.1 million and the company has net assets of £140.9 million. According to their latest financial statements, Advanced Elastomer Systems Limited has 85 employees and maintains cash reserves of £402 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 129,086,000 | 177,296,000 | 138,170,000 | 114,430,000 | 121,224,000 | 125,486,000 | 130,736,000 | 122,603,000 | 109,279,000 | 97,154,000 | 110,180,000 | 100,800,000 | 94,577,000 | 79,944,000 | 52,308,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 117,549,000 | 171,952,000 | 109,968,000 | 92,137,000 | 98,665,000 | 101,157,000 | 90,000,000 | 84,926,000 | 80,913,000 | 72,362,000 | 83,258,000 | 74,854,000 | 66,274,000 | 47,735,000 | 32,579,000 |
| Gross Profit | 11,537,000 | 5,344,000 | 28,202,000 | 22,293,000 | 22,559,000 | 24,329,000 | 40,736,000 | 37,677,000 | 28,366,000 | 24,792,000 | 26,922,000 | 25,946,000 | 28,303,000 | 32,209,000 | 19,729,000 |
| Admin Expenses | 6,029,000 | 4,085,000 | 19,608,000 | 18,103,000 | 20,562,000 | 17,540,000 | 15,568,000 | 12,023,000 | 16,915,000 | 13,105,000 | 13,692,000 | 12,224,000 | 12,509,000 | 12,791,000 | 13,600,000 |
| Operating Profit | 5,508,000 | 1,259,000 | 8,594,000 | 4,190,000 | 1,997,000 | 6,789,000 | 25,168,000 | 25,654,000 | 11,451,000 | 11,687,000 | 13,230,000 | 13,722,000 | 15,794,000 | 19,418,000 | 6,129,000 |
| Interest Payable | 225,000 | 444,000 | |||||||||||||
| Interest Receivable | 1,235,000 | 20,000 | 25,000 | 44,000 | 127,000 | 196,000 | 128,000 | 52,000 | 71,000 | 127,000 | 86,000 | 89,000 | 91,000 | 32,000 | 4,000 |
| Pre-Tax Profit | 6,518,000 | 835,000 | 8,619,000 | 4,234,000 | 2,124,000 | 6,985,000 | 25,296,000 | 25,706,000 | 11,522,000 | 11,814,000 | 13,316,000 | 13,811,000 | 15,885,000 | 19,450,000 | 6,133,000 |
| Tax | -3,218,000 | 479,000 | -2,218,000 | -49,000 | 1,301,000 | 376,000 | -4,810,000 | -2,511,000 | -2,376,000 | -2,526,000 | -3,083,000 | -3,314,000 | -4,194,000 | -5,518,000 | -1,701,000 |
| Profit After Tax | 3,300,000 | 1,314,000 | 6,401,000 | 4,185,000 | 3,425,000 | 7,361,000 | 20,486,000 | 23,195,000 | 9,146,000 | 9,288,000 | 10,233,000 | 10,497,000 | 11,691,000 | 13,932,000 | 4,432,000 |
| Dividends Paid | 34,675,000 | 10,000,000 | 20,000,000 | 10,000,000 | 10,000,000 | ||||||||||
| Retained Profit | 3,300,000 | 1,314,000 | -28,274,000 | 4,185,000 | 3,425,000 | 7,361,000 | 20,486,000 | 23,195,000 | -854,000 | -10,712,000 | 233,000 | 10,497,000 | 1,691,000 | 13,932,000 | 4,432,000 |
| Employee Costs | 7,629,000 | 7,553,000 | 9,810,000 | 9,608,000 | 8,324,000 | 9,096,000 | 6,417,000 | 7,135,000 | 6,175,000 | 5,678,000 | 5,770,000 | 6,277,000 | 5,210,000 | 5,279,000 | 4,992,000 |
| Number Of Employees | 85 | 97 | 95 | 97 | 92 | 92 | 85 | 69 | 66 | 66 | 67 | 70 | 72 | 72 | 74 |
| EBITDA* | 10,939,000 | 6,518,000 | 13,746,000 | 8,911,000 | 6,286,000 | 8,274,000 | 25,870,000 | 25,654,000 | 11,451,000 | 12,340,000 | 13,878,000 | 14,359,000 | 16,414,000 | 20,029,000 | 6,735,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 74,036,000 | 77,138,000 | 80,021,000 | 84,681,000 | 82,205,000 | 79,888,000 | 57,507,000 | 24,819,000 | 11,179,000 | 8,839,000 | 9,260,000 | 9,346,000 | 9,829,000 | 10,168,000 | 10,436,000 |
| Intangible Assets | 44,000 | 119,000 | 193,000 | 268,000 | 330,000 | 300,000 | |||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 629,000 | ||||||||||||||
| Total Fixed Assets | 74,080,000 | 77,257,000 | 80,214,000 | 85,578,000 | 82,535,000 | 80,188,000 | 57,507,000 | 24,819,000 | 11,179,000 | 8,839,000 | 9,260,000 | 9,346,000 | 9,829,000 | 10,168,000 | 10,436,000 |
| Stock & work in progress | 29,071,000 | 34,046,000 | 58,477,000 | 40,135,000 | 55,484,000 | 61,205,000 | 45,324,000 | 32,186,000 | 28,207,000 | 30,343,000 | 24,042,000 | 25,453,000 | 25,345,000 | 23,767,000 | 14,170,000 |
| Trade Debtors | 278,000 | 32,000 | |||||||||||||
| Group Debtors | 60,462,000 | 54,290,000 | 2,902,000 | 45,794,000 | 29,521,000 | 26,497,000 | 59,135,000 | 23,933,000 | 14,242,000 | 16,258,000 | 31,577,000 | 28,812,000 | 17,046,000 | 16,131,000 | 10,860,000 |
| Misc Debtors | 2,907,000 | 4,716,000 | 1,568,000 | 1,435,000 | 2,274,000 | 3,357,000 | 3,868,000 | 1,891,000 | 2,185,000 | 519,000 | 40,000 | 491,000 | 1,946,000 | 685,000 | 996,000 |
| Cash | 402,000 | 1,771,000 | 934,000 | ||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 93,120,000 | 94,855,000 | 63,881,000 | 87,364,000 | 87,279,000 | 91,059,000 | 108,327,000 | 58,010,000 | 44,634,000 | 47,120,000 | 55,659,000 | 54,756,000 | 44,337,000 | 40,583,000 | 26,026,000 |
| total assets | 167,200,000 | 172,112,000 | 144,095,000 | 172,942,000 | 169,814,000 | 171,247,000 | 165,834,000 | 82,829,000 | 55,813,000 | 55,959,000 | 64,919,000 | 64,102,000 | 54,166,000 | 50,751,000 | 36,462,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 18,036,000 | 24,012,000 | 2,192,000 | 3,919,000 | 4,667,000 | 4,798,000 | 3,504,000 | 5,580,000 | 2,859,000 | 703,000 | 3,451,000 | 3,364,000 | 2,657,000 | 2,217,000 | 2,025,000 |
| Group/Directors Accounts | 2,858,000 | 8,390,000 | 1,434,000 | 1,217,000 | 1,578,000 | 802,000 | 1,375,000 | 1,337,000 | 711,000 | 447,000 | 564,000 | 391,000 | 779,000 | 391,000 | 342,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 822,000 | 749,000 | 2,717,000 | 3,235,000 | 2,531,000 | 6,041,000 | 9,767,000 | 6,094,000 | 5,518,000 | 7,303,000 | 2,592,000 | 2,235,000 | 3,016,000 | 2,061,000 | 2,140,000 |
| total current liabilities | 21,716,000 | 33,151,000 | 6,343,000 | 8,371,000 | 8,776,000 | 11,641,000 | 14,646,000 | 13,011,000 | 9,088,000 | 8,453,000 | 6,607,000 | 5,990,000 | 6,452,000 | 4,669,000 | 4,507,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 7,000 | 29,000 | |||||||||||||
| other liabilities | |||||||||||||||
| provisions | 4,573,000 | 1,350,000 | 1,455,000 | 652,000 | 2,645,000 | 1,588,000 | 704,000 | 799,000 | 704,000 | 777,000 | 788,000 | 866,000 | 881,000 | 665,000 | |
| total long term liabilities | 4,573,000 | 1,350,000 | 1,455,000 | 652,000 | 2,645,000 | 1,588,000 | 704,000 | 806,000 | 733,000 | 777,000 | 788,000 | 866,000 | 881,000 | 665,000 | |
| total liabilities | 26,289,000 | 34,501,000 | 7,798,000 | 8,371,000 | 9,428,000 | 14,286,000 | 16,234,000 | 13,715,000 | 9,894,000 | 9,186,000 | 7,384,000 | 6,778,000 | 7,318,000 | 5,550,000 | 5,172,000 |
| net assets | 140,911,000 | 137,611,000 | 136,297,000 | 164,571,000 | 160,386,000 | 156,961,000 | 149,600,000 | 69,114,000 | 45,919,000 | 46,773,000 | 57,535,000 | 57,324,000 | 46,848,000 | 45,201,000 | 31,290,000 |
| total shareholders funds | 140,911,000 | 137,611,000 | 136,297,000 | 164,571,000 | 160,386,000 | 156,961,000 | 149,600,000 | 69,114,000 | 45,919,000 | 46,773,000 | 57,535,000 | 57,324,000 | 46,848,000 | 45,201,000 | 31,290,000 |
| Dec 2023 | 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 | 5,508,000 | 1,259,000 | 8,594,000 | 4,190,000 | 1,997,000 | 6,789,000 | 25,168,000 | 25,654,000 | 11,451,000 | 11,687,000 | 13,230,000 | 13,722,000 | 15,794,000 | 19,418,000 | 6,129,000 |
| Depreciation | 5,356,000 | 5,185,000 | 5,077,000 | 4,721,000 | 4,244,000 | 1,485,000 | 702,000 | 653,000 | 648,000 | 637,000 | 620,000 | 611,000 | 606,000 | ||
| Amortisation | 75,000 | 74,000 | 75,000 | 45,000 | |||||||||||
| Tax | -3,218,000 | 479,000 | -2,218,000 | -49,000 | 1,301,000 | 376,000 | -4,810,000 | -2,511,000 | -2,376,000 | -2,526,000 | -3,083,000 | -3,314,000 | -4,194,000 | -5,518,000 | -1,701,000 |
| Stock | -4,975,000 | -24,431,000 | 18,342,000 | -15,349,000 | -5,721,000 | 15,881,000 | 13,138,000 | 3,979,000 | -2,136,000 | 6,301,000 | -1,411,000 | 108,000 | 1,578,000 | 9,597,000 | 14,170,000 |
| Debtors | 4,609,000 | 54,568,000 | -43,388,000 | 16,063,000 | 1,941,000 | -33,149,000 | 37,179,000 | 9,397,000 | -350,000 | -14,840,000 | 2,314,000 | 10,311,000 | 2,176,000 | 4,960,000 | 11,856,000 |
| Creditors | -5,976,000 | 21,820,000 | -1,727,000 | -748,000 | -131,000 | 1,294,000 | -2,076,000 | 2,721,000 | 2,156,000 | -2,748,000 | 87,000 | 707,000 | 440,000 | 192,000 | 2,025,000 |
| Accruals and Deferred Income | 73,000 | -1,968,000 | -518,000 | 704,000 | -3,510,000 | -3,726,000 | 3,673,000 | 569,000 | -1,807,000 | 4,740,000 | 357,000 | -781,000 | 955,000 | -79,000 | 2,140,000 |
| Deferred Taxes & Provisions | 3,223,000 | -105,000 | 1,455,000 | -652,000 | -1,993,000 | 1,057,000 | 884,000 | -95,000 | 95,000 | -73,000 | -11,000 | -78,000 | -15,000 | 216,000 | 665,000 |
| Cash flow from operations | 5,407,000 | -3,393,000 | 35,784,000 | 7,452,000 | 5,733,000 | 24,543,000 | -26,776,000 | 12,962,000 | 12,005,000 | 20,272,000 | 10,325,000 | 474,000 | 9,846,000 | 283,000 | -16,162,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -5,532,000 | 6,956,000 | 217,000 | -361,000 | 776,000 | -573,000 | 38,000 | 626,000 | 264,000 | -117,000 | 173,000 | -388,000 | 388,000 | 49,000 | 342,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,010,000 | -424,000 | 25,000 | 44,000 | 127,000 | 196,000 | 128,000 | 52,000 | 71,000 | 127,000 | 86,000 | 89,000 | 32,000 | 4,000 | |
| cash flow from financing | -4,522,000 | 6,532,000 | 242,000 | -317,000 | 903,000 | -377,000 | 60,166,000 | 678,000 | 335,000 | -40,000 | 237,000 | -320,000 | 60,000 | 27,204,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | -1,369,000 | 837,000 | 934,000 | ||||||||||||
| overdraft | |||||||||||||||
| change in cash | -1,369,000 | 837,000 | 934,000 |
advanced elastomer systems limited Credit Report and Business Information
Advanced Elastomer Systems Limited Competitor Analysis
Perform a competitor analysis for advanced elastomer systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NP19 area or any other competitors across 12 key performance metrics.
advanced elastomer systems limited Ownership
ADVANCED ELASTOMER SYSTEMS LIMITED group structure
Advanced Elastomer Systems Limited has no subsidiary companies.
Ultimate parent company
2 parents
ADVANCED ELASTOMER SYSTEMS LIMITED
02512288
advanced elastomer systems limited directors
Advanced Elastomer Systems Limited currently has 3 directors. The longest serving directors include Mrs. Anne Wilkes (Dec 2021) and Mr Karl Milner (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs. Anne Wilkes | United Kingdom | 52 years | Dec 2021 | - | Director |
| Mr Karl Milner | United Kingdom | 54 years | Dec 2021 | - | Director |
| Mr Karl Milner | United Kingdom | 54 years | Dec 2021 | - | Director |
P&L
December 2023turnover
129.1m
-27%
operating profit
5.5m
+337%
gross margin
9%
+196.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
140.9m
+0.02%
total assets
167.2m
-0.03%
cash
402k
-0.77%
net assets
Total assets minus all liabilities
advanced elastomer systems limited company details
company number
02512288
Type
Private limited with Share Capital
industry
20160 - Manufacture of plastics in primary forms
incorporation date
June 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
tgp 282 limited (November 1990)
accountant
-
auditor
KPMG LLP
address
traston road, (off corporation road), newport, south wales, NP19 4XF
Bank
-
Legal Advisor
-
advanced elastomer systems 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 did not find charges/mortgages relating to advanced elastomer systems limited.
advanced elastomer systems limited Capital Raised & Share Issues BETA
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advanced elastomer systems limited Companies House Filings - See Documents
| date | description | view/download |
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