Nationwide Splicing & Rope Services Limited

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nationwide splicing & rope services limited Company Information

Live

MatureSmallHigh

Company Number

02677697

Next Accounts

29 days late

Industry

Manufacture of cordage, rope, twine and netting

Directors

Ian Byron

Stephen Waters

Shareholders

mr stephen george waters

mr ian byron

Group Structure

View All

Contact

Registered Address

kings hall, 4 imperial buildings, houghton-le-spring, tyne & wear, DH4 4DJ

Website

http://ropeservicesuk.com

nationwide splicing & rope services limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of NATIONWIDE SPLICING & ROPE SERVICES LIMITED at £1.4m based on Net Assets of £807.5k and 1.75x industry multiple (adjusted for liquidity).

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Nationwide Splicing & Rope Services Limited is a live company located in houghton-le-spring, DH4 4DJ with a Companies House number of 02677697. It operates in the manufacture of cordage, rope, twine and netting sector, SIC Code 13940. Founded in January 1992, it's largest shareholder is mr stephen george waters with a 50% stake. Nationwide Splicing & Rope Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.

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Pomanda's financial health check has awarded Nationwide Splicing & Rope Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (-1.7%)

EXPORT

Nationwide Splicing & Rope Services Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £807.5 thousand. According to their latest financial statements, Nationwide Splicing & Rope Services Limited has 10 employees and maintains cash reserves of £133.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,300,518	868,168	688,561	788,147	759,824	635,275	437,439	441,516	488,366	445,639	371,851	368,547	304,918	190,408
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	994,150	691,516	536,970	591,145	571,006	468,727	318,756	320,204	360,303	328,780	283,886	279,625	234,059	143,355
Gross Profit	306,368	176,652	151,591	197,002	188,818	166,548	118,683	121,312	128,063	116,858	87,965	88,922	70,859	47,053
Admin Expenses	52,791	320,947	-266,754	111,512	144,964	127,188	66,962	105,527	106,982	-12,532	80,543	31,394	62,009	-51,811
Operating Profit	253,577	-144,295	418,345	85,490	43,854	39,360	51,721	15,785	21,081	129,390	7,422	57,528	8,850	98,864
Interest Payable	8,337	6,303	4,593	3,555	4,831	4,980	2,280	0	0	0	3,250	3,250	0	0
Interest Receivable	6,765	1,327	117	74	574	380	173	347	500	337	94	78	42	17
Pre-Tax Profit	252,005	-149,271	413,869	82,009	39,598	34,760	49,615	16,133	21,581	129,727	4,266	54,357	8,892	98,882
Tax	-47,881	0	-78,635	-15,582	-7,524	-6,604	-9,923	-3,226	-4,532	-29,837	-1,024	-14,133	-2,490	-27,687
Profit After Tax	204,124	-149,271	335,234	66,427	32,074	28,156	39,692	12,906	17,049	99,890	3,242	40,224	6,402	71,195
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	204,124	-149,271	335,234	66,427	32,074	28,156	39,692	12,906	17,049	99,890	3,242	40,224	6,402	71,195
Employee Costs	328,497	289,596	176,960	251,363	230,969	228,456	224,991	107,657	124,060	124,078	107,779	107,779	67,150	40,392
Number Of Employees	10	10	7	9	8	9	8	4	5	5	4	4	3	2
EBITDA*	266,731	-131,743	428,960	94,748	44,254	50,935	51,721	30,954	26,264	137,012	16,529	65,160	17,949	102,667

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	244,713	162,794	155,340	150,405	153,386	155,238	163,670	174,824	182,539	149,397	209,802	196,448	96,439	91,262
Intangible Assets	1,900	2,300	2,700	3,100	3,500	3,900	4,300	4,700	5,100	5,500	5,900	6,300	6,700	7,100
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	135,056	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	381,669	165,094	158,040	153,505	156,886	159,138	167,970	179,524	187,639	154,897	215,702	202,748	103,139	98,362
Stock & work in progress	864,073	607,934	776,100	424,903	363,731	261,179	250,753	202,574	178,823	126,371	99,290	73,560	84,310	49,827
Trade Debtors	0	79,131	70,510	101,648	111,858	121,323	54,597	82,866	103,588	101,059	83,449	109,413	67,963	50,336
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	15,294	5,594	4,201	4,043	7,498	1,959	0	0	0	0	0	0	0
Cash	133,504	184,852	169,066	65,524	81,540	71,604	80,454	58,233	80,760	119,129	15,696	21,768	9,615	6,994
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	997,577	887,211	1,021,270	596,276	561,172	461,604	387,763	343,673	363,171	346,559	198,435	204,741	161,888	107,157
total assets	1,379,246	1,052,305	1,179,310	749,781	718,058	620,742	555,733	523,197	550,810	501,456	414,137	407,489	265,027	205,519
Bank overdraft	7,054	7,028	6,815	6,324	8,926	20,043	6,525	0	0	0	0	0	0	0
Bank loan	0	3,333	3,333	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	319,613	210,193	145,633	176,211	220,563	152,829	108,648	181,160	206,347	194,854	177,391	162,099	151,202	98,379
Group/Directors Accounts	1,189	534	535	589	589	589	589	0	0	0	0	0	0	0
other short term finances	9,988	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	788	9,215	0	0	0	0	0	0	0
other current liabilities	170,340	141,061	177,251	96,447	77,611	61,999	66,287	0	0	0	0	0	0	0
total current liabilities	508,184	362,149	333,567	279,571	307,689	236,248	191,264	181,160	206,347	194,854	177,391	162,099	151,202	98,379
loans	55,775	79,498	86,740	47,379	53,931	60,231	66,420	0	0	0	0	100,000	0	0
hp & lease commitments	0	0	0	0	0	0	449	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
other liabilities	0	0	0	0	0	0	0	82,372	96,634	81,728	99,401	11,767	19,279	29,486
provisions	7,743	7,238	6,312	5,374	5,408	5,307	6,800	8,557	9,627	3,721	4,562	4,082	5,229	6,259
total long term liabilities	63,518	86,736	93,052	52,753	59,339	65,538	73,669	90,929	106,261	85,449	103,963	115,849	24,508	35,745
total liabilities	571,702	448,885	426,619	332,324	367,028	301,786	264,933	272,089	312,608	280,303	281,354	277,948	175,710	134,124
net assets	807,544	603,420	752,691	417,457	351,030	318,956	290,800	251,108	238,202	221,153	132,783	129,541	89,317	71,395
total shareholders funds	807,544	603,420	752,691	417,457	351,030	318,956	290,800	251,108	238,202	221,153	132,783	129,541	89,317	71,395

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	253,577	-144,295	418,345	85,490	43,854	39,360	51,721	15,785	21,081	129,390	7,422	57,528	8,850	98,864
Depreciation	12,754	12,152	10,215	9,258	400	11,175	0	14,769	4,783	7,222	8,707	7,232	8,699	3,403
Amortisation	400	400	400	0	0	400	0	400	400	400	400	400	400	400
Tax	-47,881	0	-78,635	-15,582	-7,524	-6,604	-9,923	-3,226	-4,532	-29,837	-1,024	-14,133	-2,490	-27,687
Stock	256,139	-168,166	351,197	61,172	102,552	10,426	48,179	23,751	52,452	27,081	25,730	-10,750	34,483	49,827
Debtors	40,631	18,321	-29,745	-10,052	-12,920	72,265	-26,310	-20,722	2,529	17,610	-25,964	41,450	17,627	50,336
Creditors	109,420	64,560	-30,578	-44,352	67,734	44,181	-72,512	-25,187	11,493	17,463	15,292	10,897	52,823	98,379
Accruals and Deferred Income	29,279	-36,190	80,804	18,836	15,612	-4,288	66,287	0	0	0	0	0	0	0
Deferred Taxes & Provisions	505	926	938	-34	101	-1,493	-1,757	-1,070	5,906	-841	480	-1,147	-1,030	6,259
Cash flow from operations	61,284	47,398	80,037	2,496	30,545	40	11,947	-1,558	-15,850	79,106	31,511	30,077	15,142	79,455
Investing Activities
capital expenditure	-94,673	-19,606	-15,150	-5,877	1,852	-2,743	11,554	-7,054	-37,925	53,183	-22,061	-107,241	-13,876	-102,165
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-94,673	-19,606	-15,150	-5,877	1,852	-2,743	11,554	-7,054	-37,925	53,183	-22,061	-107,241	-13,876	-102,165
Financing Activities
Bank loans	-3,333	0	3,333	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	655	-1	-54	0	0	0	589	0	0	0	0	0	0	0
Other Short Term Loans	9,988	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-23,723	-7,242	39,361	-6,552	-6,300	-6,189	66,420	0	0	0	-100,000	100,000	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-788	-8,876	9,664	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-82,372	-14,262	14,906	-17,673	87,634	-7,512	-10,207	29,486
share issue	0	0	0	0	0	0	0	0	0	-11,520	0	0	11,520	200
interest	-1,572	-4,976	-4,476	-3,481	-4,257	-4,600	-2,107	347	500	337	-3,156	-3,172	42	17
cash flow from financing	-17,985	-12,219	38,164	-10,033	-11,345	-19,665	-7,806	-13,915	15,406	-28,856	-15,522	89,316	1,355	29,703
cash and cash equivalents
cash	-51,348	15,786	103,542	-16,016	9,936	-8,850	22,221	-22,527	-38,369	103,433	-6,072	12,153	2,621	6,994
overdraft	26	213	491	-2,602	-11,117	13,518	6,525	0	0	0	0	0	0	0
change in cash	-51,374	15,573	103,051	-13,414	21,053	-22,368	15,696	-22,527	-38,369	103,433	-6,072	12,153	2,621	6,994

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NATIONWIDE SPLICING & ROPE SERVICES LIMITED group structure

Nationwide Splicing & Rope Services Limited has no subsidiary companies.

Ultimate parent company

NATIONWIDE SPLICING & ROPE SERVICES LIMITED

02677697

NATIONWIDE SPLICING & ROPE SERVICES LIMITED Shareholders

mr stephen george waters	50%
mr ian byron	50%

Nationwide Splicing & Rope Services Limited currently has 2 directors. The longest serving directors include Mr Ian Byron (Jan 1993) and Mr Stephen Waters (Jan 1993).

officer	country	age	start	end	role
Mr Ian Byron		59 years	Jan 1993	-	Director
Mr Stephen Waters	England	62 years	Jan 1993	-	Director

P&L

March 2023

turnover

1.3m

+50%

operating profit

253.6k

gross margin

23.6%

+15.77%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

807.5k

+0.34%

total assets

1.4m

+0.31%

cash

133.5k

-0.28%

net assets

Total assets minus all liabilities

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company number

02677697

Type

Private limited with Share Capital

industry

13940 - Manufacture of cordage, rope, twine and netting

incorporation date

January 1992

ultimate parent company

None

previous names

N/A

address

kings hall, 4 imperial buildings, houghton-le-spring, tyne & wear, DH4 4DJ

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 3 charges/mortgages relating to nationwide splicing & rope services limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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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nationwide splicing & rope services limited Company Information

nationwide splicing & rope services limited Estimated Valuation

nationwide splicing & rope services limited Estimated Valuation

nationwide splicing & rope services limited Estimated Valuation

Nationwide Splicing & Rope Services Limited Overview

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NATIONWIDE SPLICING & ROPE SERVICES LIMITED financials

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nationwide splicing & rope services limited Ownership

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