Nationwide Bearing Company Ltd.

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nationwide bearing company ltd. Company Information

Live

MatureMidLow

Company Number

02700638

Website

http://nwideuk.com

Registered Address

james road adwick-le-street, doncaster, south yorkshire, DN6 7HH

Industry

Non-specialised wholesale trade

Telephone

01302330366

Next Accounts Due

December 2024

Group Structure

View All

Directors

Steven Joffe0 Years

Malo Massyn-La Grange0 Years

View All

Shareholders

paul allan cameron birley 50%

executors of estate of lorraine birley 50%

nationwide bearing company ltd. Estimated Valuation

£13.3m

Pomanda estimates the enterprise value of NATIONWIDE BEARING COMPANY LTD. at £13.3m based on Net Assets of £8.8m and 1.52x industry multiple (adjusted for liquidity).

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Nationwide Bearing Company Ltd. AI Business Plan

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Nationwide Bearing Company Ltd. is a live company located in south yorkshire, DN6 7HH with a Companies House number of 02700638. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in March 1992, it's largest shareholder is paul allan cameron birley with a 50% stake. Nationwide Bearing Company Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with low growth in recent years.

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Pomanda's financial health check has awarded Nationwide Bearing Company Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £6.9m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NATIONWIDE BEARING COMPANY LTD. group structure

Nationwide Bearing Company Ltd. has no subsidiary companies.

Ultimate parent company

NATIONWIDE BEARING COMPANY LTD.

02700638

NATIONWIDE BEARING COMPANY LTD. Shareholders

paul allan cameron birley	50%
executors of estate of lorraine birley	50%

Nationwide Bearing Company Ltd. currently has 4 directors. The longest serving directors include Mr Steven Joffe (Apr 2024) and Malo Massyn-La Grange (Apr 2024).

officer	age	start	end	role
Mr Steven Joffe	53 years	Apr 2024	-	Director
Malo Massyn-La Grange	39 years	Apr 2024	-	Director
Mr Craig Barnard	60 years	Apr 2024	-	Director
Mr Mark Sabin	50 years	Apr 2024	-	Director

EXPORT

Nationwide Bearing Company Ltd.'s latest turnover from March 2023 is estimated at £6.9 million and the company has net assets of £8.8 million. According to their latest financial statements, Nationwide Bearing Company Ltd. has 17 employees and maintains cash reserves of £2.2 million 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	6,852,696	7,115,998	7,157,397	6,702,392	6,952,628	5,879,817	5,119,997	3,640,601	4,608,444	3,826,962	2,852,427	3,240,166	1,991,992	1,753,288
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,952,091	5,136,188	5,221,359	4,865,425	5,095,670	4,329,959	3,719,078	2,612,119	3,329,219	2,767,458	2,049,426	2,343,444	1,432,334	1,258,744
Gross Profit	1,900,605	1,979,810	1,936,038	1,836,967	1,856,958	1,549,858	1,400,918	1,028,482	1,279,225	1,059,504	803,001	896,722	559,658	494,545
Admin Expenses	101,075	870,090	907,703	1,655,899	734,334	814,427	695,120	561,884	452,206	606,444	266,258	316,031	164,305	-573,509
Operating Profit	1,799,530	1,109,720	1,028,335	181,068	1,122,624	735,431	705,798	466,598	827,019	453,060	536,743	580,691	395,353	1,068,054
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	73,134	6,624	402	449	3,767	2,895	1,724	2,522	1,845	1,992	1,917	1,485	1,383	671
Pre-Tax Profit	1,872,664	1,116,344	1,028,737	181,517	1,126,391	738,326	707,521	469,120	828,865	455,052	538,661	582,176	396,736	1,068,725
Tax	-355,806	-212,105	-195,460	-34,488	-214,014	-140,282	-141,504	-93,824	-174,062	-104,662	-129,279	-151,366	-111,086	-299,243
Profit After Tax	1,516,858	904,239	833,277	147,029	912,377	598,044	566,017	375,296	654,803	350,390	409,382	430,810	285,650	769,482
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,516,858	904,239	833,277	147,029	912,377	598,044	566,017	375,296	654,803	350,390	409,382	430,810	285,650	769,482
Employee Costs	709,829	764,689	1,043,663	779,713	1,016,881	1,031,989	974,010	441,102	527,759	463,774	327,042	388,210	252,927	222,341
Number Of Employees	17	19	28	21	28	29	28	13	16	14	10	12	8	7
EBITDA*	1,830,035	1,158,007	1,080,414	181,068	1,198,550	812,083	783,875	532,342	883,976	497,054	556,023	601,120	413,377	1,074,701

* 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	115,385	49,437	118,904	121,669	124,971	173,368	164,291	177,214	516,006	494,177	405,561	444,671	459,602	396,211
Intangible Assets	350	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	740,000	1,215,000	1,323,000	1,308,466	906,944	752,543	606,506	363,810	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	855,735	1,264,437	1,441,904	1,430,135	1,031,915	925,911	770,797	541,024	516,006	494,177	405,561	444,671	459,602	396,211
Stock & work in progress	5,250,344	4,925,294	3,661,178	3,996,846	3,347,222	2,658,186	1,583,867	1,654,210	1,436,166	863,249	609,120	391,434	182,500	126,493
Trade Debtors	769,649	755,457	873,199	860,233	1,032,185	701,871	908,722	639,345	890,174	836,122	599,210	755,323	446,823	337,171
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	214,300	377,699	329,099	223,852	318,043	340,996	261,644	69,767	0	0	74,798	0	0	0
Cash	2,197,666	1,243,931	522,580	282,139	615,596	389,010	769,088	609,739	399,148	339,014	457,612	309,207	284,698	268,522
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,431,959	7,302,381	5,386,056	5,363,070	5,313,046	4,090,063	3,523,321	2,973,061	2,725,488	2,038,385	1,740,740	1,455,964	914,021	732,186
total assets	9,287,694	8,566,818	6,827,960	6,793,205	6,344,961	5,015,974	4,294,118	3,514,085	3,241,494	2,532,562	2,146,301	1,900,635	1,373,623	1,128,397
Bank overdraft	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
Trade Creditors	18,179	77,010	54,407	34,547	33,579	130,913	22,588	11,597	320,865	301,006	280,845	414,043	312,654	358,415
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	464,886	1,154,322	409,060	1,238,765	937,309	415,835	402,371	199,591	0	0	0	0	0	0
total current liabilities	483,065	1,231,332	463,467	1,273,312	970,888	546,748	424,959	211,188	320,865	301,006	280,845	414,043	312,654	358,415
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0
provisions	32,947	26,656	16,902	20,113	21,322	28,852	26,829	26,584	19,612	19,152	3,442	150	5,337	0
total long term liabilities	32,947	26,656	16,902	20,113	21,322	28,852	26,829	26,584	19,612	19,152	3,442	150	5,337	0
total liabilities	516,012	1,257,988	480,369	1,293,425	992,210	575,600	451,788	237,772	340,477	320,158	284,287	414,193	317,991	358,415
net assets	8,771,682	7,308,830	6,347,591	5,499,780	5,352,751	4,440,374	3,842,330	3,276,313	2,901,017	2,212,404	1,862,014	1,486,442	1,055,632	769,982
total shareholders funds	8,771,682	7,308,830	6,347,591	5,499,780	5,352,751	4,440,374	3,842,330	3,276,313	2,901,017	2,212,404	1,862,014	1,486,442	1,055,632	769,982

	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	1,799,530	1,109,720	1,028,335	181,068	1,122,624	735,431	705,798	466,598	827,019	453,060	536,743	580,691	395,353	1,068,054
Depreciation	30,505	48,287	52,079	0	75,926	76,652	78,077	65,744	56,957	43,994	19,280	20,429	18,024	6,647
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-355,806	-212,105	-195,460	-34,488	-214,014	-140,282	-141,504	-93,824	-174,062	-104,662	-129,279	-151,366	-111,086	-299,243
Stock	325,050	1,264,116	-335,668	649,624	689,036	1,074,319	-70,343	218,044	572,917	254,129	217,686	208,934	56,007	126,493
Debtors	-149,207	-69,142	118,213	-266,143	307,361	-127,499	461,254	-181,062	54,052	162,114	-81,315	308,500	109,652	337,171
Creditors	-58,831	22,603	19,860	968	-97,334	108,325	10,991	-309,268	19,859	20,161	-133,198	101,389	-45,761	358,415
Accruals and Deferred Income	-689,436	745,262	-829,705	301,456	521,474	13,464	202,780	199,591	0	0	0	0	0	0
Deferred Taxes & Provisions	6,291	9,754	-3,211	-1,209	-7,530	2,023	245	6,972	460	15,710	3,292	-5,187	5,337	0
Cash flow from operations	556,410	528,547	289,353	64,314	404,749	-151,207	465,476	298,831	103,264	12,020	160,467	28,522	96,208	670,209
Investing Activities
capital expenditure	-96,803	21,180	-49,314	3,302	-27,529	-85,729	-65,154	273,048	-78,786	-132,610	19,830	-5,498	-81,415	-402,858
Change in Investments	-475,000	-108,000	14,534	401,522	154,401	146,037	242,696	363,810	0	0	0	0	0	0
cash flow from investments	378,197	129,180	-63,848	-398,220	-181,930	-231,766	-307,850	-90,762	-78,786	-132,610	19,830	-5,498	-81,415	-402,858
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-54,006	57,000	14,534	0	0	0	0	0	33,810	0	-33,810	0	0	500
interest	73,134	6,624	402	449	3,767	2,895	1,724	2,522	1,845	1,992	1,917	1,485	1,383	671
cash flow from financing	19,128	63,624	14,936	449	3,767	2,895	1,724	2,522	35,655	1,992	-31,893	1,485	1,383	1,171
cash and cash equivalents
cash	953,735	721,351	240,441	-333,457	226,586	-380,078	159,349	210,591	60,134	-118,598	148,405	24,509	16,176	268,522
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	953,735	721,351	240,441	-333,457	226,586	-380,078	159,349	210,591	60,134	-118,598	148,405	24,509	16,176	268,522

P&L

March 2023

turnover

6.9m

-4%

operating profit

1.8m

gross margin

27.8%

-0.31%

turnover

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

Balance Sheet

March 2023

net assets

8.8m

+0.2%

total assets

9.3m

+0.08%

cash

2.2m

+0.77%

net assets

Total assets minus all liabilities

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company number

02700638

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

March 1992

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

james road adwick-le-street, doncaster, south yorkshire, DN6 7HH

last accounts submitted

March 2023

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 nationwide bearing company ltd.. Currently there are 0 open charges and 2 have been satisfied in the past.

nationwide bearing company ltd. Company Information

nationwide bearing company ltd. Estimated Valuation

nationwide bearing company ltd. Estimated Valuation

nationwide bearing company ltd. Estimated Valuation

Nationwide Bearing Company Ltd. AI Business Plan

Nationwide Bearing Company Ltd. Overview

Nationwide Bearing Company Ltd. Health Check

nationwide bearing company ltd. Credit Report and Business Information

Nationwide Bearing Company Ltd. Competitor Analysis

nationwide bearing company ltd. Ownership

nationwide bearing company ltd. directors

NATIONWIDE BEARING COMPANY LTD. financials

nationwide bearing company ltd. company details

nationwide bearing company ltd. Charges & Mortgages

nationwide bearing company ltd. Companies House Filings - See Documents