powell hardware limited

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powell hardware limited Company Information

Share POWELL HARDWARE LIMITED

Company Number

02759508

Shareholders

powell hardware group limited

Group Structure

View All

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

 

Registered Address

swinton house 11 bridge street, pendlebury, manchester, M27 4DU

powell hardware limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of POWELL HARDWARE LIMITED at £1.7m based on a Turnover of £3.6m and 0.48x industry multiple (adjusted for size and gross margin).

powell hardware limited Estimated Valuation

£437.7k

Pomanda estimates the enterprise value of POWELL HARDWARE LIMITED at £437.7k based on an EBITDA of £107.5k and a 4.07x industry multiple (adjusted for size and gross margin).

powell hardware limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of POWELL HARDWARE LIMITED at £4.5m based on Net Assets of £2.2m and 2.04x industry multiple (adjusted for liquidity).

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Powell Hardware Limited Overview

Powell Hardware Limited is a live company located in manchester, M27 4DU with a Companies House number of 02759508. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in October 1992, it's largest shareholder is powell hardware group limited with a 100% stake. Powell Hardware Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with healthy growth in recent years.

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Powell Hardware Limited Health Check

Pomanda's financial health check has awarded Powell Hardware Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £3.6m, make it smaller than the average company (£19.5m)

£3.6m - Powell Hardware Limited

£19.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.5%)

6% - Powell Hardware Limited

7.5% - Industry AVG

production

Production

with a gross margin of 27.6%, this company has a comparable cost of product (27.6%)

27.6% - Powell Hardware Limited

27.6% - Industry AVG

profitability

Profitability

an operating margin of 2.1% make it less profitable than the average company (5.5%)

2.1% - Powell Hardware Limited

5.5% - Industry AVG

employees

Employees

with 23 employees, this is below the industry average (63)

23 - Powell Hardware Limited

63 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)

£43.5k - Powell Hardware Limited

£43.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £158.5k, this is less efficient (£338.9k)

£158.5k - Powell Hardware Limited

£338.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (53 days)

49 days - Powell Hardware Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is quicker than average (41 days)

34 days - Powell Hardware Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 60 days, this is less than average (91 days)

60 days - Powell Hardware Limited

91 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)

2 weeks - Powell Hardware Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.8%, this is a lower level of debt than the average (48.9%)

34.8% - Powell Hardware Limited

48.9% - Industry AVG

POWELL HARDWARE LIMITED financials

EXPORTms excel logo

Powell Hardware Limited's latest turnover from December 2023 is estimated at £3.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Powell Hardware Limited has 23 employees and maintains cash reserves of £41.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,645,3823,904,5873,791,7613,087,5263,247,0143,487,0553,193,4313,255,1231,884,9322,284,2042,276,7772,531,7632,591,5313,090,154
Other Income Or Grants
Cost Of Sales2,641,1362,836,2692,798,9692,285,1722,360,4582,547,8762,329,4152,343,9351,357,1091,642,3971,635,0791,805,1951,869,9362,214,370
Gross Profit1,004,2461,068,318992,791802,355886,556939,180864,016911,188527,823641,807641,698726,568721,595875,784
Admin Expenses927,075829,985866,984770,244721,165627,2111,146,759937,695387,135569,100578,062609,573573,683743,472-1,253,291
Operating Profit77,171238,333125,80732,111165,391311,969-282,743-26,507140,68872,70763,636116,995147,912132,3121,253,291
Interest Payable71,43575,14625,027
Interest Receivable1,7887401,7001,1375,9593,8792,4641,7203,3992,7872,1772,0832,3891,932750
Pre-Tax Profit7,524163,927102,48033,248171,349315,848-280,279-24,787144,08675,49465,813119,078150,301134,2441,254,042
Tax-1,881-31,146-19,471-6,317-32,556-60,011-28,817-15,854-15,137-28,579-39,078-37,588-351,132
Profit After Tax5,643132,78183,00926,931138,793255,837-280,279-24,787115,26959,64050,67690,499111,22396,656902,910
Dividends Paid
Retained Profit5,643132,78183,00926,931138,793255,837-280,279-24,787115,26959,64050,67690,499111,22396,656902,910
Employee Costs999,6291,035,767995,146830,480902,900905,940890,381802,853260,779284,425303,545334,854334,344426,882
Number Of Employees23252623252525248910111114
EBITDA*107,547260,393143,34645,827182,462332,627-260,765-3,696164,11392,34283,177136,353167,966158,5761,278,930

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets555,402565,695550,498538,729150,313166,134175,294188,885186,006187,961178,232183,974182,964203,980228,818
Intangible Assets72,18272,93474,43874,438
Investments & Other10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00011,00011,000
Debtors (Due After 1 year)
Total Fixed Assets637,584648,629634,936623,167160,313176,134185,294198,885196,006197,961188,232193,974192,964214,980239,818
Stock & work in progress435,587488,819445,752397,905476,592567,838601,226531,577466,622495,731497,796558,963539,497508,731514,056
Trade Debtors494,562523,841553,926443,179432,712507,329438,414550,116454,198464,691476,515545,426494,624539,441556,316
Group Debtors1,672,0401,888,7071,905,37440,43828,17931,00526,298498
Misc Debtors109,45819,1949,0268,82510,87314,24915,06914,49512,246
Cash41,61126,50015,7961,343,948929,379659,571374,845610,713765,183594,219520,604350,234482,804472,787300,100
misc current assets
total current assets2,753,2582,947,0612,929,8742,193,8571,889,9941,777,1661,460,5591,733,1991,698,7471,554,6411,494,9151,454,6231,516,9251,520,9591,370,472
total assets3,390,8423,595,6903,564,8102,817,0242,050,3071,953,3001,645,8531,932,0841,894,7531,752,6021,683,1471,648,5971,709,8891,735,9391,610,290
Bank overdraft230,847480,835281,753
Bank loan
Trade Creditors 246,398279,812260,202200,515206,228271,475269,482217,737150,286368,484360,340373,278524,770662,582566,435
Group/Directors Accounts213,198172,248170,919161,031
other short term finances
hp & lease commitments
other current liabilities158,58796,568196,971401,381256,110230,569181,969238,710243,378
total current liabilities849,0301,029,463909,845762,927462,338502,044451,451456,447393,664368,484360,340373,278524,770662,582566,435
loans257,933300,333519,100
hp & lease commitments
Accruals and Deferred Income
other liabilities61,008
provisions71,41955,09154,44951,1116,5328,6127,5958,5519,2167,5145,8439,0319,3308,79114,937
total long term liabilities329,352355,424573,54951,1116,5328,6127,5958,5519,2167,5145,8439,0319,3308,79175,945
total liabilities1,178,3821,384,8871,483,394814,038468,870510,656459,046464,998402,880375,998366,183382,309534,100671,373642,380
net assets2,212,4602,210,8032,081,4162,002,9861,581,4371,442,6441,186,8071,467,0861,491,8731,376,6041,316,9641,266,2881,175,7891,064,566967,910
total shareholders funds2,212,4602,210,8032,081,4162,002,9861,581,4371,442,6441,186,8071,467,0861,491,8731,376,6041,316,9641,266,2881,175,7891,064,566967,910
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit77,171238,333125,80732,111165,391311,969-282,743-26,507140,68872,70763,636116,995147,912132,3121,253,291
Depreciation29,62422,06017,53913,71617,07120,65821,97822,81123,42519,63519,54119,35820,05426,26425,639
Amortisation752
Tax-1,881-31,146-19,471-6,317-32,556-60,011-28,817-15,854-15,137-28,579-39,078-37,588-351,132
Stock-53,23243,06747,847-78,687-91,246-33,38869,64964,955-29,109-2,065-61,16719,46630,766-5,325514,056
Debtors-155,682-36,5842,016,322-32,019-65,73465,269-106,421123,9672,251-11,824-68,91150,802-44,817-16,875556,316
Creditors-33,41419,61059,687-5,713-65,2471,99351,74567,451-218,1988,144-12,938-151,492-137,81296,147566,435
Accruals and Deferred Income62,019-100,403-204,410145,27125,54148,600-56,741-4,668243,378
Deferred Taxes & Provisions16,3286423,33844,579-2,0801,017-956-6651,7021,671-3,188-299539-6,14614,937
Cash flow from operations359,513142,613-2,081,679334,353265,100292,345-229,945-130,500189,036100,192181,992-114,2855,666233,189438,798
Investing Activities
capital expenditure-19,331-35,753-29,308-476,570-1,250-11,498-8,387-25,690-21,470-29,364-13,799-20,368962-1,426-254,457
Change in Investments-1,00011,000
cash flow from investments-19,331-35,753-29,308-476,570-1,250-11,498-8,387-25,690-21,470-29,364-13,799-20,3681,962-1,426-265,457
Financing Activities
Bank loans
Group/Directors Accounts40,9501,3299,888161,031
Other Short Term Loans
Long term loans-42,400-218,767519,100
Hire Purchase and Lease Commitments
other long term liabilities-61,00861,008
share issue-3,986-3,394-4,579394,61865,000
interest-69,647-74,406-23,3271,1375,9593,8792,4641,7203,3992,7872,1772,0832,3891,932750
cash flow from financing-75,083-295,238501,082556,7865,9593,8792,4641,7203,3992,7872,1772,0832,389-59,076126,758
cash and cash equivalents
cash15,11110,704-1,328,152414,569269,808284,726-235,868-154,470170,96473,615170,370-132,57010,017172,687300,100
overdraft-249,988199,082281,753
change in cash265,099-188,378-1,609,905414,569269,808284,726-235,868-154,470170,96473,615170,370-132,57010,017172,687300,100

powell hardware limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Powell Hardware Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for powell hardware limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M27 area or any other competitors across 12 key performance metrics.

powell hardware limited Ownership

POWELL HARDWARE LIMITED group structure

Powell Hardware Limited has 1 subsidiary company.

Ultimate parent company

2 parents

POWELL HARDWARE LIMITED

02759508

1 subsidiary

POWELL HARDWARE LIMITED Shareholders

powell hardware group limited 100%

powell hardware limited directors

Powell Hardware Limited currently has 4 directors. The longest serving directors include Mr Joseph French (Feb 1993) and Mr Paul Stansfield (Jan 2021).

officercountryagestartendrole
Mr Joseph French52 years Feb 1993- Director
Mr Paul StansfieldUnited Kingdom62 years Jan 2021- Director
Mr Paul StringerUnited Kingdom56 years Jan 2021- Director
Mr Andrew BallUnited Kingdom60 years Jan 2021- Director

P&L

December 2023

turnover

3.6m

-7%

operating profit

77.2k

0%

gross margin

27.6%

+0.69%

turnover

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

Balance Sheet

December 2023

net assets

2.2m

0%

total assets

3.4m

-0.06%

cash

41.6k

+0.57%

net assets

Total assets minus all liabilities

powell hardware limited company details

company number

02759508

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

October 1992

age

33

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

swinton house 11 bridge street, pendlebury, manchester, M27 4DU

Bank

BARCLAYS CORPORATE

Legal Advisor

-

powell hardware 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 powell hardware limited. Currently there are 2 open charges and 2 have been satisfied in the past.

powell hardware 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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powell hardware limited Companies House Filings - See Documents

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