posturite limited
posturite limited Company Information
Company Number
02574809
Next Accounts
Sep 2025
Industry
Manufacture of office and shop furniture
Other software publishing
Shareholders
fellowes ltd
Group Structure
View All
Contact
Registered Address
unit 2 ontario drive, new rossington, doncaster, DN11 0BF
Website
www.posturite.co.ukposturite limited Estimated Valuation
Pomanda estimates the enterprise value of POSTURITE LIMITED at £46.7m based on a Turnover of £40.8m and 1.14x industry multiple (adjusted for size and gross margin).
posturite limited Estimated Valuation
Pomanda estimates the enterprise value of POSTURITE LIMITED at £23.3m based on an EBITDA of £3m and a 7.73x industry multiple (adjusted for size and gross margin).
posturite limited Estimated Valuation
Pomanda estimates the enterprise value of POSTURITE LIMITED at £25.2m based on Net Assets of £11.9m and 2.12x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Posturite Limited Overview
Posturite Limited is a live company located in doncaster, DN11 0BF with a Companies House number of 02574809. It operates in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in January 1991, it's largest shareholder is fellowes ltd with a 100% stake. Posturite Limited is a mature, large sized company, Pomanda has estimated its turnover at £40.8m with high growth in recent years.
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Posturite Limited Health Check
Pomanda's financial health check has awarded Posturite Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £40.8m, make it larger than the average company (£9m)
£40.8m - Posturite Limited
£9m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8%)
15% - Posturite Limited
8% - Industry AVG
Production
with a gross margin of 41.3%, this company has a comparable cost of product (41.5%)
41.3% - Posturite Limited
41.5% - Industry AVG
Profitability
an operating margin of 6.3% make it more profitable than the average company (4.2%)
6.3% - Posturite Limited
4.2% - Industry AVG
Employees
with 170 employees, this is above the industry average (46)
170 - Posturite Limited
46 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£52.9k)
£44.7k - Posturite Limited
£52.9k - Industry AVG
Efficiency
resulting in sales per employee of £240k, this is more efficient (£195k)
£240k - Posturite Limited
£195k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (47 days)
58 days - Posturite Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (35 days)
35 days - Posturite Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is more than average (25 days)
54 days - Posturite Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (35 weeks)
47 weeks - Posturite Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (55%)
30.8% - Posturite Limited
55% - Industry AVG
POSTURITE LIMITED financials
Posturite Limited's latest turnover from December 2023 is £40.8 million and the company has net assets of £11.9 million. According to their latest financial statements, Posturite Limited has 170 employees and maintains cash reserves of £4.7 million 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 | 40,805,737 | 33,418,553 | 29,288,499 | 26,601,149 | 30,233,286 | 27,586,035 | 24,675,139 | 22,504,294 | 21,109,404 | 18,883,663 | 15,079,139 | 14,107,939 | 12,365,363 | 11,721,482 | 12,196,437 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 23,955,173 | 20,832,377 | 17,386,242 | 15,465,110 | 15,929,945 | 14,555,592 | 13,548,014 | 12,496,099 | 11,694,265 | 10,904,467 | 8,251,443 | 8,076,094 | 6,995,729 | 6,588,696 | 7,086,999 |
| Gross Profit | 16,850,564 | 12,586,176 | 11,902,257 | 11,136,039 | 14,303,341 | 13,030,443 | 11,127,125 | 10,008,195 | 9,415,139 | 7,979,196 | 6,827,696 | 6,031,845 | 5,369,634 | 5,132,786 | 5,109,438 |
| Admin Expenses | 14,282,321 | 11,714,038 | 10,606,939 | 10,734,455 | 12,168,897 | 11,092,858 | 10,262,738 | 9,227,032 | 8,237,003 | 7,256,360 | 6,188,966 | 5,457,648 | 4,788,109 | 4,901,996 | 4,607,281 |
| Operating Profit | 2,568,243 | 872,138 | 1,295,318 | 401,584 | 2,134,444 | 1,937,585 | 864,387 | 781,163 | 1,178,136 | 722,836 | 638,730 | 574,197 | 581,525 | 230,790 | 502,157 |
| Interest Payable | 0 | 9,537 | 3,567 | 38,575 | 73,554 | 67,658 | 65,744 | 69,595 | 55,752 | 59,879 | 59,188 | 60,057 | 54,003 | 47,808 | 51,300 |
| Interest Receivable | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 23 |
| Pre-Tax Profit | 2,568,255 | 862,601 | 1,291,751 | 7,087,433 | 2,060,890 | 1,869,927 | 798,643 | 711,568 | 1,122,384 | 662,957 | 579,542 | 514,140 | 527,522 | 182,983 | 450,880 |
| Tax | -627,205 | -182,144 | -268,906 | -171,461 | -342,298 | -275,950 | -93,725 | -75,178 | -178,135 | -56,054 | -49,023 | -72,574 | -55,533 | -31,259 | -103,546 |
| Profit After Tax | 1,941,050 | 680,457 | 1,022,845 | 6,915,972 | 1,718,592 | 1,593,977 | 704,918 | 636,390 | 944,249 | 606,903 | 530,519 | 441,566 | 471,989 | 151,724 | 347,334 |
| Dividends Paid | 565,000 | 314,110 | 1,270,024 | 2,500,009 | 0 | 600,000 | 399,923 | 250,000 | 400,681 | 90,115 | 255,887 | 65,000 | 221,409 | 141,800 | 139,800 |
| Retained Profit | 1,376,050 | 366,347 | -247,179 | 4,415,963 | 1,718,592 | 993,977 | 304,995 | 386,390 | 543,568 | 516,788 | 274,632 | 376,566 | 250,580 | 9,924 | 207,534 |
| Employee Costs | 7,601,469 | 6,620,804 | 5,774,450 | 6,340,044 | 7,853,731 | 7,033,230 | 6,515,545 | 6,214,333 | 5,479,469 | 4,337,661 | 3,523,179 | 3,158,092 | 2,717,902 | 2,723,391 | 2,686,227 |
| Number Of Employees | 170 | 155 | 145 | 181 | 221 | 220 | 197 | 176 | 179 | 165 | 143 | 131 | 119 | 117 | 112 |
| EBITDA* | 3,010,306 | 1,200,286 | 1,673,927 | 915,632 | 2,423,303 | 2,214,203 | 1,088,063 | 1,089,846 | 1,467,269 | 920,950 | 736,543 | 700,827 | 668,913 | 272,514 | 545,298 |
* 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 | 1,864,037 | 1,794,743 | 1,474,383 | 1,639,907 | 2,070,143 | 2,250,262 | 2,294,428 | 2,084,675 | 1,941,909 | 2,030,694 | 1,796,124 | 1,459,891 | 1,434,977 | 1,105,173 | 1,109,424 |
| Intangible Assets | 274,285 | 199,286 | 373,597 | 547,908 | 173,204 | 211,053 | 0 | 0 | 91,666 | 183,333 | 72,000 | 0 | 0 | 0 | 33,333 |
| Investments & Other | 1 | 1 | 256 | 256 | 257 | 256 | 256 | 256 | 256 | 256 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,138,323 | 1,994,030 | 1,848,236 | 2,188,071 | 2,243,347 | 2,461,315 | 2,294,428 | 2,084,675 | 2,033,831 | 2,214,283 | 1,868,124 | 1,459,891 | 1,434,977 | 1,105,173 | 1,142,757 |
| Stock & work in progress | 3,576,440 | 4,568,554 | 4,213,550 | 3,539,311 | 3,286,496 | 2,433,668 | 2,079,829 | 2,034,536 | 1,536,945 | 1,582,815 | 1,170,341 | 902,282 | 818,158 | 812,461 | 702,704 |
| Trade Debtors | 6,515,649 | 5,942,700 | 6,317,648 | 4,294,761 | 4,926,407 | 3,894,366 | 4,003,331 | 3,624,658 | 3,377,683 | 2,933,054 | 2,227,662 | 2,436,992 | 1,705,918 | 1,646,609 | 1,093,137 |
| Group Debtors | 0 | 86,620 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 266,991 | 1,021,757 | 539,735 | 1,708,769 | 1,114,224 | 1,056,539 | 493,105 | 647,906 | 483,938 | 271,388 | 230,136 | 110,540 | 48,283 | 66,308 | 49,458 |
| Cash | 4,716,217 | 892,139 | 2,567,952 | 3,704,667 | 1,126,854 | 349,269 | 195,487 | 123,295 | 67,272 | 67,789 | 20,946 | 55,830 | 43,435 | 24,655 | 2,957 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,075,297 | 12,511,770 | 13,638,885 | 13,247,508 | 10,453,981 | 7,733,842 | 6,771,752 | 6,430,395 | 5,465,838 | 4,855,046 | 3,649,085 | 3,505,644 | 2,615,794 | 2,550,033 | 1,848,256 |
| total assets | 17,213,620 | 14,505,800 | 15,487,121 | 15,435,579 | 12,697,328 | 10,195,157 | 9,066,180 | 8,515,070 | 7,499,669 | 7,069,329 | 5,517,209 | 4,965,535 | 4,050,771 | 3,655,206 | 2,991,013 |
| Bank overdraft | 0 | 0 | 0 | 1,011,931 | 2,423,281 | 1,949,123 | 2,256,358 | 2,211,517 | 1,726,076 | 1,723,731 | 1,203,348 | 1,353,596 | 724,245 | 626,532 | 127,670 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,174 | 0 | 102,000 | 101,000 | 86,819 | 66,845 | 0 |
| Trade Creditors | 2,301,495 | 2,044,926 | 2,970,438 | 1,815,925 | 2,534,530 | 1,701,773 | 1,743,444 | 1,726,867 | 1,700,473 | 1,798,067 | 1,184,908 | 1,127,911 | 1,160,899 | 1,332,942 | 1,066,313 |
| Group/Directors Accounts | 32,565 | 6,917 | 33,891 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 186,695 | 2,336 | 9,022 | 6,040 | 15,421 |
| other short term finances | 0 | 0 | 0 | 0 | 75,000 | 75,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 2,884 | 108,721 | 185,146 | 166,049 | 74,167 | 87,165 | 87,470 | 87,470 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,871,944 | 1,802,869 | 2,205,352 | 2,075,846 | 1,427,070 | 1,758,064 | 1,270,053 | 1,254,512 | 1,066,258 | 991,585 | 611,145 | 585,008 | 503,107 | 355,064 | 455,629 |
| total current liabilities | 5,206,004 | 3,854,712 | 5,209,681 | 4,906,586 | 6,568,602 | 5,669,106 | 5,510,904 | 5,267,063 | 4,678,146 | 4,600,853 | 3,375,566 | 3,169,851 | 2,484,092 | 2,387,423 | 1,665,033 |
| loans | 0 | 0 | 0 | 0 | 15,806 | 246,758 | 352,350 | 345,382 | 133,451 | 235,621 | 339,622 | 442,320 | 556,072 | 507,756 | 575,877 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 7,903 | 123,379 | 176,175 | 115,535 | 0 | 88,071 | 174,025 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 96,555 | 116,077 | 108,776 | 113,150 | 241,886 | 242,768 | 183,580 | 186,000 | 77,146 | 77,426 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 96,555 | 116,077 | 108,776 | 113,150 | 128,846 | 244,763 | 267,965 | 265,691 | 210,597 | 401,118 | 513,647 | 442,320 | 556,072 | 507,756 | 575,877 |
| total liabilities | 5,302,559 | 3,970,789 | 5,318,457 | 5,019,736 | 6,697,448 | 5,913,869 | 5,778,869 | 5,532,754 | 4,888,743 | 5,001,971 | 3,889,213 | 3,612,171 | 3,040,164 | 2,895,179 | 2,240,910 |
| net assets | 11,911,061 | 10,535,011 | 10,168,664 | 10,415,843 | 5,999,880 | 4,281,288 | 3,287,311 | 2,982,316 | 2,610,926 | 2,067,358 | 1,627,996 | 1,353,364 | 1,010,607 | 760,027 | 750,103 |
| total shareholders funds | 11,911,061 | 10,535,011 | 10,168,664 | 10,415,843 | 5,999,880 | 4,281,288 | 3,287,311 | 2,982,316 | 2,610,926 | 2,067,358 | 1,627,996 | 1,353,364 | 1,010,607 | 760,027 | 750,103 |
| 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 | 2,568,243 | 872,138 | 1,295,318 | 401,584 | 2,134,444 | 1,937,585 | 864,387 | 781,163 | 1,178,136 | 722,836 | 638,730 | 574,197 | 581,525 | 230,790 | 502,157 |
| Depreciation | 231,372 | 153,837 | 204,298 | 365,798 | 251,010 | 275,259 | 223,676 | 217,017 | 197,466 | 198,114 | 97,813 | 126,630 | 87,388 | 8,391 | 9,808 |
| Amortisation | 210,691 | 174,311 | 174,311 | 148,250 | 37,849 | 1,359 | 0 | 91,666 | 91,667 | 0 | 0 | 0 | 0 | 33,333 | 33,333 |
| Tax | -627,205 | -182,144 | -268,906 | -171,461 | -342,298 | -275,950 | -93,725 | -75,178 | -178,135 | -56,054 | -49,023 | -72,574 | -55,533 | -31,259 | -103,546 |
| Stock | -992,114 | 355,004 | 674,239 | 252,815 | 852,828 | 353,839 | 45,293 | 497,591 | -45,870 | 412,474 | 268,059 | 84,124 | 5,697 | 109,757 | 702,704 |
| Debtors | -268,437 | 193,694 | 853,853 | -37,101 | 1,089,726 | 454,469 | 223,872 | 410,943 | 657,179 | 746,644 | -89,734 | 793,331 | 41,284 | 570,322 | 1,142,595 |
| Creditors | 256,569 | -925,512 | 1,154,513 | -718,605 | 832,757 | -41,671 | 16,577 | 26,394 | -97,594 | 613,159 | 56,997 | -32,988 | -172,043 | 266,629 | 1,066,313 |
| Accruals and Deferred Income | 1,069,075 | -402,483 | 129,506 | 648,776 | -330,994 | 488,011 | 15,541 | 188,254 | 74,673 | 380,440 | 26,137 | 81,901 | 148,043 | -100,565 | 455,629 |
| Deferred Taxes & Provisions | -19,522 | 7,301 | -4,374 | -128,736 | -882 | 59,188 | -2,420 | 108,854 | -280 | 77,426 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,949,774 | -851,250 | 1,156,574 | 329,892 | 639,332 | 1,635,473 | 754,871 | 429,636 | 654,624 | 776,803 | 592,329 | -200,289 | 542,399 | -272,760 | 118,395 |
| Investing Activities | |||||||||||||||
| capital expenditure | -90,852 | -690,739 | -254,599 | -156,044 | -418,058 | -4,140 | 0 | ||||||||
| Change in Investments | 0 | -255 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 256 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -90,852 | -690,995 | -254,599 | -156,044 | -418,058 | -4,140 | 0 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -98,174 | 98,174 | -102,000 | 1,000 | 14,181 | 19,974 | 66,845 | 0 |
| Group/Directors Accounts | 25,648 | -26,974 | 33,891 | 0 | 0 | 0 | 0 | 0 | 0 | -186,695 | 184,359 | -6,686 | 2,982 | -9,381 | 15,421 |
| Other Short Term Loans | 0 | 0 | 0 | -75,000 | 0 | 0 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -15,806 | -230,952 | -105,592 | 6,968 | 211,931 | -102,170 | -104,001 | -102,698 | -113,752 | 48,316 | -68,121 | 575,877 |
| Hire Purchase and Lease Commitments | 0 | 0 | -2,884 | -113,740 | -191,901 | -33,699 | 152,522 | 102,537 | -88,376 | -85,954 | 261,495 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 12 | -9,537 | -3,567 | -38,575 | -73,554 | -67,658 | -65,744 | -69,595 | -55,752 | -59,879 | -59,188 | -60,057 | -54,003 | -47,807 | -51,277 |
| cash flow from financing | 25,660 | -36,511 | 27,440 | -243,121 | -496,407 | -206,949 | 168,746 | 131,699 | -148,124 | -615,955 | 284,968 | -200,123 | 17,269 | -58,464 | 1,082,590 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,824,078 | -1,675,813 | -1,136,715 | 2,577,813 | 777,585 | 153,782 | 72,192 | 56,023 | -517 | 46,843 | -34,884 | 12,395 | 18,780 | 21,698 | 2,957 |
| overdraft | 0 | 0 | -1,011,931 | -1,411,350 | 474,158 | -307,235 | 44,841 | 485,441 | 2,345 | 520,383 | -150,248 | 629,351 | 97,713 | 498,862 | 127,670 |
| change in cash | 3,824,078 | -1,675,813 | -124,784 | 3,989,163 | 303,427 | 461,017 | 27,351 | -429,418 | -2,862 | -473,540 | 115,364 | -616,956 | -78,933 | -477,164 | -124,713 |
posturite limited Credit Report and Business Information
Posturite Limited Competitor Analysis
Perform a competitor analysis for posturite limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DN11 area or any other competitors across 12 key performance metrics.
posturite limited Ownership
POSTURITE LIMITED group structure
Posturite Limited has 4 subsidiary companies.
Ultimate parent company
FELLOWES INC
#0005222
2 parents
POSTURITE LIMITED
02574809
4 subsidiaries
posturite limited directors
Posturite Limited currently has 6 directors. The longest serving directors include Mr Ian Fletcher Price (Jan 1991) and Mr Michele Van Beek (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Fletcher Price | England | 61 years | Jan 1991 | - | Director |
| Mr Michele Van Beek | England | 57 years | Jul 2017 | - | Director |
| Mr John Fellowes | England | 46 years | Mar 2020 | - | Director |
| Mr John Fellowes | England | 46 years | Mar 2020 | - | Director |
| Mr James Hargreaves | England | 43 years | May 2022 | - | Director |
| Mr Christopher Jones | England | 41 years | Jun 2023 | - | Director |
P&L
December 2023turnover
40.8m
+22%
operating profit
2.6m
+194%
gross margin
41.3%
+9.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.9m
+0.13%
total assets
17.2m
+0.19%
cash
4.7m
+4.29%
net assets
Total assets minus all liabilities
posturite limited company details
company number
02574809
Type
Private limited with Share Capital
industry
31010 - Manufacture of office and shop furniture
58290 - Other software publishing
46650 - Wholesale of office furniture
incorporation date
January 1991
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
posturite (uk) limited (June 2009)
accountant
-
auditor
GRANT THORNTON UK LLP
address
unit 2 ontario drive, new rossington, doncaster, DN11 0BF
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
posturite 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 posturite limited. Currently there are 3 open charges and 1 have been satisfied in the past.
posturite 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.
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posturite limited Companies House Filings - See Documents
| date | description | view/download |
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