Pomanda estimates the enterprise value of TECHWAX LIMITED at £1.2m based on a Turnover of £1.5m and 0.82x industry multiple (adjusted for size and gross margin).
techwax limitedEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of TECHWAX LIMITED at £1.7m based on an EBITDA of £345k and a 4.97x industry multiple (adjusted for size and gross margin).
techwax limitedEstimated Valuation
£4m
Pomanda estimates the enterprise value of TECHWAX LIMITED at £4m based on Net Assets of £2.4m and 1.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Techwax LimitedOverview
Techwax Limited is a live company located in newton aycliffe, DL5 6AY with a Companies House number of 02614599. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in May 1991, it's largest shareholder is
isp holdings (uk) ltd
with a 100% stake. Techwax Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Techwax Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
5 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£20.3m)
£1.5m - Techwax Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (9.3%)
-6% - Techwax Limited
9.3% - Industry AVG
Production
with a gross margin of 75%, this company has a lower cost of product (28.9%)
75% - Techwax Limited
28.9% - Industry AVG
Profitability
an operating margin of 7.1% make it as profitable than the average company (6%)
7.1% - Techwax Limited
6% - Industry AVG
Employees
with 24 employees, this is below the industry average (55)
24 - Techwax Limited
55 - Industry AVG
Pay Structure
on an average salary of £71.4k, the company has a higher pay structure (£51.7k)
£71.4k - Techwax Limited
£51.7k - Industry AVG
Efficiency
resulting in sales per employee of £61.2k, this is less efficient (£336.1k)
£61.2k - Techwax Limited
£336.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Techwax Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 108 days, this is slower than average (39 days)
108 days - Techwax Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Techwax Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Techwax Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.3%, this is a lower level of debt than the average (41.8%)
32.3% - Techwax Limited
41.8% - Industry AVG
TECHWAX LIMITED financials
EXPORT
Techwax Limited's latest turnover from September 2023 is £1.5 million and the company has net assets of £2.4 million. According to their latest financial statements, Techwax Limited has 24 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Dec 2010
Dec 2009
Turnover
1,468,412
1,562,607
1,582,363
1,778,826
1,887,871
1,738,244
1,751,462
2,203,278
2,139,495
2,353,775
11,893,014
15,003,099
11,002,137
12,251,025
9,856,719
Other Income Or Grants
Cost Of Sales
367,374
389,115
383,525
346,555
1,732,181
1,662,085
1,650,171
2,070,605
2,045,100
2,444,526
11,750,514
14,943,471
10,946,604
12,210,924
9,819,410
Gross Profit
1,101,038
1,173,492
1,198,838
1,432,271
155,690
76,159
101,291
132,673
94,395
-90,751
142,500
59,628
55,533
40,101
37,309
Admin Expenses
996,451
937,462
1,129,766
1,143,030
240,346
-90,007
-154,240
225,944
-58,020
-8,947
-128,122
-375,274
-265,864
-172,125
-42,220
Operating Profit
104,587
236,030
69,072
289,241
-84,656
166,166
255,531
-93,271
152,415
-81,804
270,622
434,902
321,397
212,226
79,529
Interest Payable
2,288
4,831
8,788
4,499
89,831
12,000
775
Interest Receivable
6,748
3,355
26
Pre-Tax Profit
102,299
231,199
60,284
295,989
-89,155
169,521
246,093
-103,634
127,568
-171,635
258,622
434,902
321,397
212,226
78,780
Tax
-131,625
-64,061
-100,988
-125,773
51,032
-32,822
-46,574
-144,644
-14,386
-3,485
-24,680
-33,795
-33,658
-20,949
-25,141
Profit After Tax
-29,326
167,138
-40,704
170,216
-38,123
136,699
199,519
-248,278
113,182
-175,120
233,942
401,107
287,739
191,277
53,639
Dividends Paid
150,000
Retained Profit
-29,326
167,138
-40,704
170,216
-38,123
136,699
199,519
-248,278
113,182
-325,120
233,942
401,107
287,739
191,277
53,639
Employee Costs
1,714,534
1,388,063
1,600,177
1,533,824
1,942,779
2,139,574
2,146,769
2,466,866
1,868,168
2,073,240
2,054,870
2,090,795
1,612,495
2,058,476
1,084,557
Number Of Employees
24
25
26
32
34
46
48
51
49
57
66
65
64
63
40
EBITDA*
344,974
483,994
319,139
511,765
114,082
358,829
494,131
179,469
444,879
236,275
620,963
763,258
509,139
380,216
163,561
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Dec 2010
Dec 2009
Tangible Assets
1,503,722
1,707,242
1,902,456
2,132,023
2,109,375
1,989,907
1,874,545
1,798,849
1,666,610
1,708,664
1,638,015
1,501,253
1,482,312
1,294,734
925,709
Intangible Assets
2,723
Investments & Other
127,000
Debtors (Due After 1 year)
Total Fixed Assets
1,503,722
1,707,242
1,902,456
2,132,023
2,112,098
1,989,907
1,874,545
1,798,849
1,793,610
1,708,664
1,638,015
1,501,253
1,482,312
1,294,734
925,709
Stock & work in progress
Trade Debtors
Group Debtors
1,796,901
1,135,407
718,387
666,870
618,338
1,043,029
719,642
709,566
563,737
859,029
1,819,468
4,376,068
3,895,952
4,407,145
4,670,089
Misc Debtors
175,526
264,218
309,695
219,604
150,641
234,544
268,642
254,621
667,154
257,828
65,174
174,043
1,401,112
142,588
120,383
Cash
388,712
874,186
367,861
206,806
459,452
196,855
51,104
91,110
215,569
misc current assets
total current assets
1,972,427
1,399,625
1,028,082
886,474
768,979
1,277,573
1,376,996
1,838,373
1,598,752
1,323,663
2,344,094
4,746,966
5,348,168
4,640,843
5,006,041
total assets
3,476,149
3,106,867
2,930,538
3,018,497
2,881,077
3,267,480
3,251,541
3,637,222
3,392,362
3,032,327
3,982,109
6,248,219
6,830,480
5,935,577
5,931,750
Bank overdraft
Bank loan
Trade Creditors
109,690
85,545
128,095
108,597
304,538
160,301
176,667
329,766
157,300
280,403
731,525
91,499
812,140
393,985
1,057,445
Group/Directors Accounts
19,448
20,223
91,056
172,420
97,200
376,086
567,211
990,463
813,842
730,334
952,512
4,156,564
4,505,428
4,028,126
3,839,982
other short term finances
hp & lease commitments
other current liabilities
743,930
333,989
186,699
222,954
204,537
367,136
300,347
309,629
233,485
217,704
263,368
188,084
158,239
451,150
184,258
total current liabilities
873,068
439,757
405,850
503,971
606,275
903,523
1,044,225
1,629,858
1,204,627
1,228,441
1,947,405
4,436,147
5,475,807
4,873,261
5,081,685
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
248,074
282,777
307,493
256,627
187,119
238,151
218,209
217,776
248,640
148,625
155,323
175,633
119,341
114,723
93,749
total long term liabilities
248,074
282,777
307,493
256,627
187,119
238,151
218,209
217,776
248,640
148,625
155,323
175,633
119,341
114,723
93,749
total liabilities
1,121,142
722,534
713,343
760,598
793,394
1,141,674
1,262,434
1,847,634
1,453,267
1,377,066
2,102,728
4,611,780
5,595,148
4,987,984
5,175,434
net assets
2,355,007
2,384,333
2,217,195
2,257,899
2,087,683
2,125,806
1,989,107
1,789,588
1,939,095
1,655,261
1,879,381
1,636,439
1,235,332
947,593
756,316
total shareholders funds
2,355,007
2,384,333
2,217,195
2,257,899
2,087,683
2,125,806
1,989,107
1,789,588
1,939,095
1,655,261
1,879,381
1,636,439
1,235,332
947,593
756,316
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
104,587
236,030
69,072
289,241
-84,656
166,166
255,531
-93,271
152,415
-81,804
270,622
434,902
321,397
212,226
79,529
Depreciation
240,387
247,964
250,067
222,524
198,738
192,663
238,600
272,740
292,464
318,079
350,341
328,356
187,742
167,990
84,032
Amortisation
Tax
-131,625
-64,061
-100,988
-125,773
51,032
-32,822
-46,574
-144,644
-14,386
-3,485
-24,680
-33,795
-33,658
-20,949
-25,141
Stock
Debtors
572,802
371,543
141,608
117,495
-508,594
289,289
24,097
-266,704
114,034
-767,785
-2,665,469
-746,953
747,331
-240,739
4,790,472
Creditors
24,145
-42,550
19,498
-195,941
144,237
-16,366
-153,099
172,466
-123,103
-451,122
640,026
-720,641
418,155
-663,460
1,057,445
Accruals and Deferred Income
409,941
147,290
-36,255
18,417
-162,599
66,789
-9,282
76,144
15,781
-45,664
75,284
29,845
-292,911
266,892
184,258
Deferred Taxes & Provisions
-34,703
-24,716
50,866
69,508
-51,032
19,942
433
-30,864
100,015
-6,698
-20,310
56,292
4,618
20,974
93,749
Cash flow from operations
39,930
128,414
110,652
160,481
604,314
107,083
261,512
519,275
309,152
497,091
3,956,752
841,912
-141,988
224,412
-3,316,600
Investing Activities
capital expenditure
-36,867
-52,750
-20,500
-242,449
-320,929
-308,025
-314,296
-404,979
-250,410
-388,728
-487,103
-347,297
-375,320
-537,015
-1,009,741
Change in Investments
-127,000
127,000
cash flow from investments
-36,867
-52,750
-20,500
-242,449
-320,929
-308,025
-314,296
-277,979
-377,410
-388,728
-487,103
-347,297
-375,320
-537,015
-1,009,741
Financing Activities
Bank loans
Group/Directors Accounts
-775
-70,833
-81,364
75,220
-278,886
-191,125
-423,252
176,621
83,508
-222,178
-3,204,052
-348,864
477,302
188,144
3,839,982
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
98,771
170,652
101,000
9,000
702,677
interest
-2,288
-4,831
-8,788
6,748
-4,499
3,355
-89,831
-12,000
-749
cash flow from financing
-3,063
-75,664
-90,152
81,968
-283,385
-187,770
-423,252
275,392
254,160
-211,009
-3,207,052
-348,864
477,302
188,144
4,541,910
cash and cash equivalents
cash
-388,712
-485,474
506,325
161,055
-252,646
262,597
145,751
-40,006
-124,459
215,569
overdraft
change in cash
-388,712
-485,474
506,325
161,055
-252,646
262,597
145,751
-40,006
-124,459
215,569
techwax 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 techwax limited. Get real-time insights into techwax limited's credit score, group structure and payment trends.
Perform a competitor analysis for techwax limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in DL5 area or any other competitors across 12 key performance metrics.
The sole shareholder of Techwax Limited is Isp Holdings (Uk) Ltd.
isp holdings (uk) ltd
100%
techwax limited directors
Techwax Limited currently has 2 directors.
The longest serving directors include
Mr Kevin Higgins (Jul 2018) and
Mr Dingeman Van Der Heiden (Dec 2021).
20590 - Manufacture of other chemical products n.e.c.
incorporation date
May 1991
age
34
incorporated
UK
ultimate parent company
ASHLAND GLOBAL HOLDINGS INC.
accounts
Full Accounts
last accounts submitted
September 2023
previous names
camsaridge limited (September 1991)
accountant
-
auditor
ERNST & YOUNG LLP
address
unit 4b, whinbank park whinbank road, newton aycliffe, co durham, DL5 6AY
Bank
CITIBANK
Legal Advisor
DAVIES WALLIS FOYSTER
techwax 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 techwax limited. Currently there are 2 open charges and 0 have been satisfied in the past.
techwax 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 TECHWAX LIMITED. This can take several minutes, an email will notify you when this has completed.
techwax limitedCompanies House Filings - See Documents
