Door Springs Limited

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door springs limited Company Information

Company Number

02960678

Next Accounts

Sep 2025

Directors

Lee Hodson

Frederick Bartram

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Shareholders

anthony beasley

lee craig hodson

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Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

kings chambers queens cross, high street, dudley, west midlands, DY1 1QT

Website

www.doorsprings.co.uk

door springs limited Estimated Valuation

£599.9k

Pomanda estimates the enterprise value of DOOR SPRINGS LIMITED at £599.9k based on Net Assets of £296.2k and 2.03x industry multiple (adjusted for liquidity).

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Door Springs Limited is a live company located in dudley, DY1 1QT with a Companies House number of 02960678. It operates in the manufacture of locks and hinges sector, SIC Code 25720. Founded in August 1994, it's largest shareholder is anthony beasley with a 33.3% stake. Door Springs Limited is a mature, small sized company, Pomanda has estimated its turnover at £895.8k with low growth in recent years.

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Pomanda's financial health check has awarded Door Springs Limited a 3.5 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 Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £895.8k, make it smaller than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.3%)

EXPORT

Door Springs Limited's latest turnover from December 2023 is estimated at £895.8 thousand and the company has net assets of £296.2 thousand. According to their latest financial statements, Door Springs Limited has 7 employees and maintains cash reserves of £175.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	895,766	1,062,246	935,088	824,813	971,859	963,229	907,385	758,947	733,470	1,088,123	1,095,633	1,110,261	1,353,953	1,258,503
Other Income Or Grants
Cost Of Sales	585,387	703,923	619,619	543,077	637,025	643,266	599,771	495,016	489,458	736,717	740,798	718,548	885,015	798,405
Gross Profit	310,379	358,324	315,469	281,735	334,834	319,962	307,614	263,932	244,013	351,406	354,835	391,713	468,938	460,099
Admin Expenses	318,203	363,310	305,395	274,318	331,662	298,983	280,293	220,740	210,645	334,034	345,580	385,728	402,484	387,064	-68,510
Operating Profit	-7,824	-4,986	10,074	7,417	3,172	20,979	27,321	43,192	33,368	17,372	9,255	5,985	66,454	73,035	68,510
Interest Payable
Interest Receivable	6,788	2,963	246	111	1,017	1,149	788	401	707	648	676	586	353	247	126
Pre-Tax Profit	-1,036	-2,023	10,320	7,528	4,189	22,128	28,109	43,594	34,075	18,020	9,931	6,571	66,807	73,282	68,636
Tax			-1,961	-1,430	-796	-4,204	-5,341	-8,719	-6,815	-3,784	-2,284	-1,577	-17,370	-20,519	-19,218
Profit After Tax	-1,036	-2,023	8,359	6,098	3,393	17,924	22,768	34,875	27,260	14,236	7,647	4,994	49,437	52,763	49,418
Dividends Paid
Retained Profit	-1,036	-2,023	8,359	6,098	3,393	17,924	22,768	34,875	27,260	14,236	7,647	4,994	49,437	52,763	49,418
Employee Costs	323,153	306,072	241,999	230,887	273,384	263,201	250,110	217,725	181,410	289,807	276,248	268,922	368,536	364,382
Number Of Employees	7	7	6	6	7	7	7	6	5	8	8	8	11	11
EBITDA*	523	6,150	23,675	18,224	16,691	31,002	40,687	59,210	48,010	30,526	23,549	17,469	76,832	83,918	79,756

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	25,058	33,405	42,909	52,582	40,550	30,069	40,092	48,058	43,922	39,456	42,884	52,049	45,230	35,608	41,112
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	25,058	33,405	42,909	52,582	40,550	30,069	40,092	48,058	43,922	39,456	42,884	52,049	45,230	35,608	41,112
Stock & work in progress	125,000	174,000	218,000	128,000	128,000	132,500	141,500	113,000	77,238	64,927	63,421	64,157	68,041	78,396	60,779
Trade Debtors	121,417	163,800	135,029	140,762	170,375	156,363	144,559	132,508	145,635	161,624	154,051	151,944	214,252	199,078	161,118
Group Debtors
Misc Debtors								3,226	1,984
Cash	175,510	83,071	86,257	110,595	111,280	159,856	146,539	168,622	152,415	130,537	128,669	141,845	92,726	48,418	50,516
misc current assets
total current assets	421,927	420,871	439,286	379,357	409,655	448,719	432,598	417,356	377,272	357,088	346,141	357,946	375,019	325,892	272,413
total assets	446,985	454,276	482,195	431,939	450,205	478,788	472,690	465,414	421,194	396,544	389,025	409,995	420,249	361,500	313,525
Bank overdraft
Bank loan
Trade Creditors	55,470	81,208	91,827	70,030	87,838	101,576	108,745	67,706	71,595	217,878	224,578	253,173	268,391	256,864	257,707
Group/Directors Accounts	18,731	18,731	18,731	18,731	18,731	18,731	18,731	18,731	18,731
other short term finances
hp & lease commitments			1,127	6,208	5,878	2,078	4,847	4,654	4,643
other current liabilities	70,282	48,882	63,216	35,103	38,106	70,463	68,634	118,937	109,090
total current liabilities	144,483	148,821	174,901	130,072	150,553	192,848	200,957	210,028	204,059	217,878	224,578	253,173	268,391	256,864	257,707
loans
hp & lease commitments				1,127	7,335		2,078	6,924	11,222
Accruals and Deferred Income	4	5	7	9	12	16	21	28	38	51	68	90	120	160	214
other liabilities														2,175	6,106
provisions	6,265	8,181	7,995	9,798	7,470	4,477	6,109	7,675
total long term liabilities	6,269	8,186	8,002	10,934	14,817	4,493	8,208	14,627	11,260	51	68	90	120	2,335	6,320
total liabilities	150,752	157,007	182,903	141,006	165,370	197,341	209,165	224,655	215,319	217,929	224,646	253,263	268,511	259,199	264,027
net assets	296,233	297,269	299,292	290,933	284,835	281,447	263,525	240,759	205,875	178,615	164,379	156,732	151,738	102,301	49,498
total shareholders funds	296,233	297,269	299,292	290,933	284,835	281,447	263,525	240,759	205,875	178,615	164,379	156,732	151,738	102,301	49,498

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-7,824	-4,986	10,074	7,417	3,172	20,979	27,321	43,192	33,368	17,372	9,255	5,985	66,454	73,035	68,510
Depreciation	8,347	11,136	13,601	10,807	13,519	10,023	13,366	16,018	14,642	13,154	14,294	11,484	10,378	10,883	9,884
Amortisation															1,362
Tax			-1,961	-1,430	-796	-4,204	-5,341	-8,719	-6,815	-3,784	-2,284	-1,577	-17,370	-20,519	-19,218
Stock	-49,000	-44,000	90,000		-4,500	-9,000	28,500	35,762	12,311	1,506	-736	-3,884	-10,355	17,617	60,779
Debtors	-42,383	28,771	-5,733	-29,613	14,012	11,804	8,825	-11,885	-14,005	7,573	2,107	-62,308	15,174	37,960	161,118
Creditors	-25,738	-10,619	21,797	-17,808	-13,738	-7,169	41,039	-3,889	-146,283	-6,700	-28,595	-15,218	11,527	-843	257,707
Accruals and Deferred Income	21,399	-14,336	28,111	-3,006	-32,361	1,824	-50,310	9,837	109,077	-17	-22	-30	-40	-54	214
Deferred Taxes & Provisions	-1,916	186	-1,803	2,328	2,993	-1,632	-1,566	7,675
Cash flow from operations	85,651	-3,390	-14,448	27,921	-36,723	17,017	-12,816	40,237	5,683	10,946	-8,723	66,836	66,130	6,925	96,562
Investing Activities
capital expenditure		-1,632	-3,928	-22,839	-24,000		-5,400	-20,154	-19,108	-9,726	-5,129	-18,303	-20,000	-5,379	-52,358
Change in Investments
cash flow from investments		-1,632	-3,928	-22,839	-24,000		-5,400	-20,154	-19,108	-9,726	-5,129	-18,303	-20,000	-5,379	-52,358
Financing Activities
Bank loans
Group/Directors Accounts									18,731
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments		-1,127	-6,208	-5,878	11,135	-4,847	-4,653	-4,287	15,865
other long term liabilities													-2,175	-3,931	6,106
share issue					-5	-2	-2	9						40	80
interest	6,788	2,963	246	111	1,017	1,149	788	401	707	648	676	586	353	247	126
cash flow from financing	6,788	1,836	-5,962	-5,767	12,147	-3,700	-3,867	-3,877	35,303	648	676	586	-1,822	-3,644	6,312
cash and cash equivalents
cash	92,439	-3,186	-24,338	-685	-48,576	13,317	-22,083	16,207	21,878	1,868	-13,176	49,119	44,308	-2,098	50,516
overdraft
change in cash	92,439	-3,186	-24,338	-685	-48,576	13,317	-22,083	16,207	21,878	1,868	-13,176	49,119	44,308	-2,098	50,516

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOOR SPRINGS LIMITED group structure

Door Springs Limited has no subsidiary companies.

Ultimate parent company

DOOR SPRINGS LIMITED

02960678

DOOR SPRINGS LIMITED Shareholders

anthony beasley	33.33%
lee craig hodson	33.33%
frederick charles bartram	33.33%

Door Springs Limited currently has 3 directors. The longest serving directors include Mr Lee Hodson (Aug 1994) and Mr Frederick Bartram (Aug 1994).

officer	age	start	end	role
Mr Lee Hodson	65 years	Aug 1994	-	Director
Mr Frederick Bartram	80 years	Aug 1994	-	Director
Mr Anthony Beasley	67 years	Mar 2001	-	Director

P&L

December 2023

turnover

895.8k

-16%

operating profit

-7.8k

gross margin

34.7%

+2.72%

turnover

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

Balance Sheet

December 2023

net assets

296.2k

total assets

447k

-0.02%

cash

175.5k

+1.11%

net assets

Total assets minus all liabilities

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company number

02960678

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

25720 - Manufacture of locks and hinges

incorporation date

August 1994

ultimate parent company

None

previous names

N/A

address

kings chambers queens cross, high street, dudley, west midlands, DY1 1QT

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door springs limited Company Information

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door springs limited Estimated Valuation

door springs limited Estimated Valuation

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