Portland Wire Products Limited

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portland wire products limited Company Information

Live

MatureSmallLow

Company Number

02931796

Website

www.portlandwire.co.uk

Registered Address

997 london road, alvaston, derby, DE24 8PX

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01889582914

Next Accounts Due

November 2024

Group Structure

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Directors

Matthew Lee0 Years

Kevin McGuigan0 Years

Shareholders

pwp properties limited 100%

portland wire products limited Estimated Valuation

£395.7k

Pomanda estimates the enterprise value of PORTLAND WIRE PRODUCTS LIMITED at £395.7k based on Net Assets of £198.9k and 1.99x industry multiple (adjusted for liquidity).

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Portland Wire Products Limited is a live company located in derby, DE24 8PX with a Companies House number of 02931796. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 1994, it's largest shareholder is pwp properties limited with a 100% stake. Portland Wire Products Limited is a mature, small sized company, Pomanda has estimated its turnover at £571.4k with low growth in recent years.

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Pomanda's financial health check has awarded Portland Wire Products Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £571.4k, make it smaller than the average company (£12.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (3.8%)

EXPORT

Portland Wire Products Limited's latest turnover from February 2023 is estimated at £571.4 thousand and the company has net assets of £198.9 thousand. According to their latest financial statements, Portland Wire Products Limited has 4 employees and maintains cash reserves of £161.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	May 2012	May 2011	May 2010
Turnover	571,387	678,808	677,185	519,023	614,901	550,302	557,189	558,991	652,206	575,391	804,654	543,478	552,775	461,330
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	403,055	478,406	476,951	364,353	432,282	385,991	384,923	384,945	445,401	402,675	563,681	380,533	384,389	316,931
Gross Profit	168,331	200,402	200,234	154,670	182,619	164,312	172,265	174,046	206,805	172,716	240,973	162,945	168,386	144,399
Admin Expenses	101,824	102,913	191,579	151,161	183,967	141,774	132,881	174,105	195,004	212,389	272,570	279,434	174,357	-112,387
Operating Profit	66,507	97,489	8,655	3,509	-1,348	22,538	39,384	-59	11,801	-39,673	-31,597	-116,489	-5,971	256,786
Interest Payable	0	975	1,830	915	0	0	0	0	0	0	0	554	1,092	538
Interest Receivable	5,527	515	86	73	443	457	169	177	372	712	602	105	74	48
Pre-Tax Profit	72,033	97,028	6,911	2,667	-905	22,995	39,553	118	12,173	-38,961	-30,995	-116,938	-6,988	256,296
Tax	-13,686	-18,435	-1,313	-507	0	-4,369	-7,515	-23	-2,434	0	0	0	0	-71,763
Profit After Tax	58,347	78,593	5,598	2,160	-905	18,626	32,038	94	9,738	-38,961	-30,995	-116,938	-6,988	184,533
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	58,347	78,593	5,598	2,160	-905	18,626	32,038	94	9,738	-38,961	-30,995	-116,938	-6,988	184,533
Employee Costs	153,335	144,638	142,344	142,981	141,136	135,630	132,235	131,512	190,551	187,416	216,201	153,080	147,356	144,597
Number Of Employees	4	4	4	4	4	4	4	4	6	6	7	5	5	5
EBITDA*	67,285	98,901	10,418	5,719	1,450	26,100	43,543	3,264	16,105	-37,102	-27,194	-111,971	-639	263,004

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	May 2012	May 2011	May 2010
Tangible Assets	34,084	7,511	8,923	10,686	12,896	15,694	15,557	13,388	16,711	11,930	14,500	18,903	175,087	180,419
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	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	34,084	7,511	8,923	10,686	12,896	15,694	15,557	13,388	16,711	11,930	14,500	18,903	175,087	180,419
Stock & work in progress	31,237	66,862	24,400	13,970	20,610	11,156	23,215	13,123	12,167	17,274	18,967	25,632	31,400	30,895
Trade Debtors	100,160	142,986	165,669	119,533	140,983	130,939	121,645	110,902	123,811	99,751	115,334	128,443	132,279	104,843
Group Debtors	119,861	104,715	420	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,004	2,317	1,584	2,747	0	0	0	0	0	0	0	0	0	0
Cash	161,105	115,227	90,620	81,955	63,521	54,655	67,157	67,905	73,529	75,083	209,553	31,285	10,695	19,099
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	416,367	432,107	282,693	218,205	225,114	196,750	212,017	191,930	209,507	192,108	343,854	185,360	174,374	154,837
total assets	450,451	439,618	291,616	228,891	238,010	212,444	227,574	205,318	226,218	204,038	358,354	204,263	349,461	335,256
Bank overdraft	0	0	30,000	30,000	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	17,039	16,560
Trade Creditors	178,036	219,818	162,066	110,383	181,318	150,724	180,917	195,977	212,571	207,001	318,455	124,189	135,337	91,604
Group/Directors Accounts	47,882	49,067	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	4,791	780	4,681
other current liabilities	19,160	28,713	35,855	30,076	0	0	0	0	0	0	0	0	0	0
total current liabilities	245,078	297,598	227,921	170,459	181,318	150,724	180,917	195,977	212,571	207,001	318,455	128,980	153,156	112,845
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	3,434	7,180	2,180	5,916	0	3,287	9,276	12,060	30,378
provisions	6,433	1,427	1,695	2,030	2,450	3,139	2,956	2,678	3,342	2,386	3,000	1,400	2,700	3,500
total long term liabilities	6,433	1,427	1,695	2,030	2,450	6,573	10,136	4,858	9,258	2,386	6,287	10,676	14,760	33,878
total liabilities	251,511	299,025	229,616	172,489	183,768	157,297	191,053	200,835	221,829	209,387	324,742	139,656	167,916	146,723
net assets	198,940	140,593	62,000	56,402	54,242	55,147	36,521	4,483	4,389	-5,349	33,612	64,607	181,545	188,533
total shareholders funds	198,940	140,593	62,000	56,402	54,242	55,147	36,521	4,483	4,389	-5,349	33,612	64,607	181,545	188,533

	Feb 2023	Feb 2022	Feb 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	66,507	97,489	8,655	3,509	-1,348	22,538	39,384	-59	11,801	-39,673	-31,597	-116,489	-5,971	256,786
Depreciation	778	1,412	1,763	2,210	2,798	3,562	4,159	3,323	4,304	2,571	4,403	4,518	5,332	6,218
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,686	-18,435	-1,313	-507	0	-4,369	-7,515	-23	-2,434	0	0	0	0	-71,763
Stock	-35,625	42,462	10,430	-6,640	9,454	-12,059	10,092	956	-5,107	-1,693	-6,665	-5,768	505	30,895
Debtors	-25,993	82,345	45,393	-18,703	10,044	9,294	10,743	-12,909	24,060	-15,583	-13,109	-3,836	27,436	104,843
Creditors	-41,782	57,752	51,683	-70,935	30,594	-30,193	-15,060	-16,594	5,570	-111,454	194,266	-11,148	43,733	91,604
Accruals and Deferred Income	-9,553	-7,142	5,779	30,076	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,006	-268	-335	-420	-689	183	278	-664	956	-614	1,600	-1,300	-800	3,500
Cash flow from operations	68,888	6,001	10,409	-10,724	11,857	-5,514	411	-2,064	1,244	-131,894	188,446	-114,815	14,353	150,607
Investing Activities
capital expenditure	-27,351	0	0	0	0	-3,699	-6,328	0	-9,085	-1	0	151,666	0	-186,637
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,351	0	0	0	0	-3,699	-6,328	0	-9,085	-1	0	151,666	0	-186,637
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	-17,039	479	16,560
Group/Directors Accounts	-1,185	49,067	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	-4,791	4,011	-3,901	4,681
other long term liabilities	0	0	0	0	-3,434	-3,746	5,000	-3,736	5,916	-3,287	-5,989	-2,784	-18,318	30,378
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4,000
interest	5,527	-460	-1,744	-842	443	457	169	177	372	712	602	-449	-1,018	-490
cash flow from financing	4,342	48,607	-1,744	-842	-2,991	-3,289	5,169	-3,559	6,288	-2,575	-10,178	-16,261	-22,758	55,129
cash and cash equivalents
cash	45,878	24,607	8,665	18,434	8,866	-12,502	-748	-5,624	-1,554	-134,470	178,268	20,590	-8,404	19,099
overdraft	0	-30,000	0	30,000	0	0	0	0	0	0	0	0	0	0
change in cash	45,878	54,607	8,665	-11,566	8,866	-12,502	-748	-5,624	-1,554	-134,470	178,268	20,590	-8,404	19,099

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PORTLAND WIRE PRODUCTS LIMITED group structure

Portland Wire Products Limited has no subsidiary companies.

Ultimate parent company

PWP PROPERTIES LIMITED

07791108

1 parent

PORTLAND WIRE PRODUCTS LIMITED

02931796

PORTLAND WIRE PRODUCTS LIMITED Shareholders

pwp properties limited

100%

Portland Wire Products Limited currently has 2 directors. The longest serving directors include Mr Matthew Lee (Apr 2024) and Mr Kevin McGuigan (Apr 2024).

officer	country	age	start	end	role
Mr Matthew Lee	United Kingdom	31 years	Apr 2024	-	Director
Mr Kevin McGuigan	England	47 years	Apr 2024	-	Director

P&L

February 2023

turnover

571.4k

-16%

operating profit

66.5k

gross margin

29.5%

-0.21%

turnover

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

Balance Sheet

February 2023

net assets

198.9k

+0.42%

total assets

450.5k

+0.02%

cash

161.1k

+0.4%

net assets

Total assets minus all liabilities

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company number

02931796

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

May 1994

age

accounts

Small Company

ultimate parent company

PWP PROPERTIES LIMITED

previous names

N/A

incorporated

address

997 london road, alvaston, derby, DE24 8PX

last accounts submitted

February 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 4 charges/mortgages relating to portland wire products limited. Currently there are 2 open charges and 2 have been satisfied in the past.

portland wire products limited Company Information

portland wire products limited Estimated Valuation

portland wire products limited Estimated Valuation

portland wire products limited Estimated Valuation

Portland Wire Products Limited Overview

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PORTLAND WIRE PRODUCTS LIMITED financials

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