Advanced Thermosets Limited

POWER SEARCH PRICING

SOLUTIONS

advanced thermosets limited Company Information

Company Number

02873072

Next Accounts

Apr 2026

Directors

Barrie Colvin

Diwy Colvin

View All

Shareholders

barrie george colvin

Group Structure

View All

Industry

Other manufacturing n.e.c.

Registered Address

22-26 king street, king's lynn, norfolk, PE30 1HJ

Website

www.ru-bix.com

advanced thermosets limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of ADVANCED THERMOSETS LIMITED at £1.4m based on a Turnover of £2m and 0.69x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Advanced Thermosets Limited is a live company located in norfolk, PE30 1HJ with a Companies House number of 02873072. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 1993, it's largest shareholder is barrie george colvin with a 100% stake. Advanced Thermosets Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Advanced Thermosets Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (9.1%)

EXPORT

Advanced Thermosets Limited's latest turnover from July 2024 is estimated at £2 million and the company has net assets of -£2.1 million. According to their latest financial statements, Advanced Thermosets Limited has 13 employees and maintains cash reserves of £32.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,003,128	1,462,016	1,133,949	648,358	533,892	465,435	399,211	399,078	622,978	649,221	433,766	807,882	197,226	248,062	454,374
Other Income Or Grants
Cost Of Sales	1,383,767	1,025,816	789,369	461,317	376,621	323,618	277,177	270,257	420,597	442,257	293,845	549,044	133,571	168,176	304,369
Gross Profit	619,362	436,200	344,580	187,041	157,271	141,817	122,034	128,820	202,381	206,964	139,921	258,839	63,656	79,887	150,005
Admin Expenses	681,832	632,799	687,020	579,783	619,236	595,275	384,897	-29,696	226,519	269,073	-76,753	358,248	67,237	87,965	136,866	-25,121
Operating Profit	-62,470	-196,599	-342,440	-392,742	-461,965	-453,458	-262,863	158,516	-24,138	-62,109	216,674	-99,409	-3,581	-8,078	13,139	25,121
Interest Payable	15,317	5,184
Interest Receivable	1,081	2,446	747	33	34	236	116	316	946	400	52	2	2	175	279	106
Pre-Tax Profit	-76,705	-199,337	-341,693	-392,709	-461,931	-453,222	-262,747	158,832	-23,192	-61,709	216,725	-99,407	-3,579	-7,903	13,418	25,226
Tax								-30,178			-45,512				-3,757	-7,063
Profit After Tax	-76,705	-199,337	-341,693	-392,709	-461,931	-453,222	-262,747	128,654	-23,192	-61,709	171,213	-99,407	-3,579	-7,903	9,661	18,163
Dividends Paid
Retained Profit	-76,705	-199,337	-341,693	-392,709	-461,931	-453,222	-262,747	128,654	-23,192	-61,709	171,213	-99,407	-3,579	-7,903	9,661	18,163
Employee Costs	558,742	527,648	429,000	297,141	294,399	252,894	248,891	239,648	333,011	162,629	127,263	217,979	63,007	61,173	118,521
Number Of Employees	13	13	11	8	8	7	7	7	10	5	4	7	2	2	4
EBITDA*	32,170	-102,724	-259,051	-317,005	-387,690	-384,961	-213,606	204,339	-9,553	-48,762	313,244	-86,768	-662	-4,439	17,675	30,777

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	703,004	710,443	630,973	573,448	577,985	544,090	380,018	367,437	57,948	52,988	48,995	132,430	11,906	14,825	18,464	23,000
Intangible Assets	30,052	37,764	44,100	46,475	48,875	46,376	42,696		625	725	825	10,175
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	733,056	748,207	675,073	619,923	626,860	590,466	422,714	367,437	58,573	53,713	49,820	142,605	11,906	14,825	18,464	23,000
Stock & work in progress	468,010	399,364	314,305	241,081	190,685	102,616	48,403	8,013	32,629	34,659	47,127	60,499	8,181	34,256	27,331	30,685
Trade Debtors	293,618	181,822	128,567	12,467	7,979	9,338	17,922		80,413	66,336	78,406	67,356	41,749	38,064	66,419	48,312
Group Debtors
Misc Debtors	142,654	115,521	74,323	118,797	97,924	120,182	30,910	16,587	1,383
Cash	32,826	8,372	89,481	30,102	36,168	30,858	32,080	14,462	238,396	139,992	19,916	707	2	775	69,284	42,296
misc current assets
total current assets	937,108	705,079	606,676	402,447	332,756	262,994	129,315	39,062	352,821	240,987	145,449	128,562	49,932	73,095	163,034	121,293
total assets	1,670,164	1,453,286	1,281,749	1,022,370	959,616	853,460	552,029	406,499	411,394	294,700	195,269	271,167	61,838	87,920	181,498	144,293
Bank overdraft	178,037	94,259
Bank loan
Trade Creditors	278,286	176,790	143,908	116,861	47,124	81,919	64,335	13,907	66,420	260,013	100,211	349,737	44,147	66,339	151,524	122,680
Group/Directors Accounts									306,035
other short term finances
hp & lease commitments	66,952	55,167	9,300
other current liabilities	3,168,107	3,041,172	2,894,117	2,344,117	1,958,391	1,355,509	618,440	221,511	26,012
total current liabilities	3,691,382	3,367,388	3,047,325	2,460,978	2,005,515	1,437,428	682,775	235,418	398,467	260,013	100,211	349,737	44,147	66,339	151,524	122,680
loans
hp & lease commitments	35,125	65,536	14,725
Accruals and Deferred Income
other liabilities
provisions								39,080	9,580	8,148	6,810	4,395	1,249	1,560	2,050	3,350
total long term liabilities	35,125	65,536	14,725					39,080	9,580	8,148	6,810	4,395	1,249	1,560	2,050	3,350
total liabilities	3,726,507	3,432,924	3,062,050	2,460,978	2,005,515	1,437,428	682,775	274,498	408,047	268,161	107,021	354,132	45,396	67,899	153,574	126,030
net assets	-2,056,343	-1,979,638	-1,780,301	-1,438,608	-1,045,899	-583,968	-130,746	132,001	3,347	26,539	88,248	-82,965	16,442	20,021	27,924	18,263
total shareholders funds	-2,056,343	-1,979,638	-1,780,301	-1,438,608	-1,045,899	-583,968	-130,746	132,001	3,347	26,539	88,248	-82,965	16,442	20,021	27,924	18,263

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-62,470	-196,599	-342,440	-392,742	-461,965	-453,458	-262,863	158,516	-24,138	-62,109	216,674	-99,409	-3,581	-8,078	13,139	25,121
Depreciation	86,928	86,163	75,815	68,683	67,686	62,817	44,513	45,823	14,485	13,247	87,220	11,816	2,919	3,639	4,536	5,656
Amortisation	7,712	7,712	7,574	7,054	6,589	5,680	4,744		100	100	9,350	825
Tax								-30,178			-45,512				-3,757	-7,063
Stock	68,646	85,059	73,224	50,396	88,069	54,213	40,390	-24,616	-2,030	-12,468	-13,372	52,318	-26,075	6,925	-3,354	30,685
Debtors	138,929	94,453	71,626	25,361	-23,617	80,688	32,245	-65,209	15,460	-12,070	11,050	25,607	3,685	-28,355	18,107	48,312
Creditors	101,496	32,882	27,047	69,737	-34,795	17,584	50,428	-52,513	-193,593	159,802	-249,526	305,590	-22,192	-85,185	28,844	122,680
Accruals and Deferred Income	126,935	147,055	550,000	385,726	602,882	737,069	396,929	195,499	26,012
Deferred Taxes & Provisions							-39,080	29,500	1,432	1,338	2,415	3,146	-311	-490	-1,300	3,350
Cash flow from operations	53,026	-102,299	173,146	62,701	115,945	234,791	122,036	436,472	-189,132	136,916	22,943	144,043	-775	-68,684	26,709	70,747
Investing Activities
capital expenditure	-79,489	-167,009	-138,539	-68,800	-110,669	-236,249	-104,534	-354,687	-19,445	-17,240	-3,785	-143,340				-28,656
Change in Investments
cash flow from investments	-79,489	-167,009	-138,539	-68,800	-110,669	-236,249	-104,534	-354,687	-19,445	-17,240	-3,785	-143,340				-28,656
Financing Activities
Bank loans
Group/Directors Accounts								-306,035	306,035
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-18,626	96,678	24,025
other long term liabilities
share issue																100
interest	-14,236	-2,738	747	33	34	236	116	316	946	400	52	2	2	175	279	106
cash flow from financing	-32,862	93,940	24,772	33	34	236	116	-305,719	306,981	400	52	2	2	175	279	206
cash and cash equivalents
cash	24,454	-81,109	59,379	-6,066	5,310	-1,222	17,618	-223,934	98,404	120,076	19,209	705	-773	-68,509	26,988	42,296
overdraft	83,778	94,259
change in cash	-59,324	-175,368	59,379	-6,066	5,310	-1,222	17,618	-223,934	98,404	120,076	19,209	705	-773	-68,509	26,988	42,296

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for advanced thermosets limited. Get real-time insights into advanced thermosets limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for advanced thermosets limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PE30 area or any other competitors across 12 key performance metrics.

ADVANCED THERMOSETS LIMITED group structure

Advanced Thermosets Limited has no subsidiary companies.

Ultimate parent company

HUNTSMAN CORP

#0040626

HUNTSMAN IFS POLYURETHANES LIMITED

02766797

2 parents

ADVANCED THERMOSETS LIMITED

02873072

ADVANCED THERMOSETS LIMITED Shareholders

barrie george colvin

100%

Advanced Thermosets Limited currently has 3 directors. The longest serving directors include Dr Barrie Colvin (Nov 1993) and Mrs Diwy Colvin (Oct 2018).

officer	country	age	start	end	role
Dr Barrie Colvin		77 years	Nov 1993	-	Director
Mrs Diwy Colvin		68 years	Oct 2018	-	Director
Mr Ashley Colvin	England	37 years	Dec 2018	-	Director

P&L

July 2024

turnover

+37%

operating profit

-62.5k

gross margin

31%

+3.63%

turnover

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

Balance Sheet

July 2024

net assets

-2.1m

+0.04%

total assets

1.7m

+0.15%

cash

32.8k

+2.92%

net assets

Total assets minus all liabilities

Similar Companies

other people's sculpture limited

4.5

uk boards ltd

voltage stabilisers international limited

1.5

unlimited timber buildings ltd

kestrel creations ltd

company number

02873072

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 1993

ultimate parent company

HUNTSMAN CORP

previous names

envirofoam chemicals limited (April 2019)

colvin chemicals limited (July 2017)

address

22-26 king street, king's lynn, norfolk, PE30 1HJ

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 advanced thermosets limited. Currently there are 1 open charges and 2 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.

Click to start generating capital raising & share issue transactions for ADVANCED THERMOSETS LIMITED. This can take several minutes, an email will notify you when this has completed.

advanced thermosets limited Company Information

advanced thermosets limited Estimated Valuation

advanced thermosets limited Estimated Valuation

advanced thermosets limited Estimated Valuation

Advanced Thermosets Limited Overview

Advanced Thermosets Limited Health Check

ADVANCED THERMOSETS LIMITED financials

advanced thermosets limited Credit Report and Business Information

Advanced Thermosets Limited Competitor Analysis

advanced thermosets limited Ownership

advanced thermosets limited directors

advanced thermosets limited company details

advanced thermosets limited Charges & Mortgages

advanced thermosets limited Capital Raised & Share Issues BETA

advanced thermosets limited Companies House Filings - See Documents