allied filter systems limited

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allied filter systems limited Company Information

Share ALLIED FILTER SYSTEMS LIMITED

Company Number

03043174

Shareholders

allied filter systems holdings ltd

Group Structure

View All

Industry

Manufacture of non-wovens and articles made from non-wovens, except apparel

 

Registered Address

huntsman drive northbank, industrial park irlam, manchester, lancashire, M44 5EG

allied filter systems limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of ALLIED FILTER SYSTEMS LIMITED at £3.1m based on a Turnover of £7.1m and 0.44x industry multiple (adjusted for size and gross margin).

allied filter systems limited Estimated Valuation

£10.6m

Pomanda estimates the enterprise value of ALLIED FILTER SYSTEMS LIMITED at £10.6m based on an EBITDA of £1.9m and a 5.5x industry multiple (adjusted for size and gross margin).

allied filter systems limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of ALLIED FILTER SYSTEMS LIMITED at £4.8m based on Net Assets of £2.8m and 1.72x industry multiple (adjusted for liquidity).

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Allied Filter Systems Limited Overview

Allied Filter Systems Limited is a live company located in manchester, M44 5EG with a Companies House number of 03043174. It operates in the manufacture of non-wovens and articles made from non-wovens, except apparel sector, SIC Code 13950. Founded in April 1995, it's largest shareholder is allied filter systems holdings ltd with a 100% stake. Allied Filter Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with healthy growth in recent years.

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Allied Filter Systems Limited Health Check

Pomanda's financial health check has awarded Allied Filter Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £7.1m, make it smaller than the average company (£19m)

£7.1m - Allied Filter Systems Limited

£19m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.5%)

8% - Allied Filter Systems Limited

5.5% - Industry AVG

production

Production

with a gross margin of 50.3%, this company has a lower cost of product (25.6%)

50.3% - Allied Filter Systems Limited

25.6% - Industry AVG

profitability

Profitability

an operating margin of 25.2% make it more profitable than the average company (2.9%)

25.2% - Allied Filter Systems Limited

2.9% - Industry AVG

employees

Employees

with 64 employees, this is similar to the industry average (77)

64 - Allied Filter Systems Limited

77 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.3k, the company has a lower pay structure (£40.4k)

£27.3k - Allied Filter Systems Limited

£40.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £111.5k, this is less efficient (£177.1k)

£111.5k - Allied Filter Systems Limited

£177.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is near the average (59 days)

61 days - Allied Filter Systems Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is close to average (44 days)

42 days - Allied Filter Systems Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 95 days, this is in line with average (96 days)

95 days - Allied Filter Systems Limited

96 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (18 weeks)

54 weeks - Allied Filter Systems Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 26%, this is a lower level of debt than the average (43.3%)

26% - Allied Filter Systems Limited

43.3% - Industry AVG

ALLIED FILTER SYSTEMS LIMITED financials

EXPORTms excel logo

Allied Filter Systems Limited's latest turnover from June 2023 is £7.1 million and the company has net assets of £2.8 million. According to their latest financial statements, Allied Filter Systems Limited has 64 employees and maintains cash reserves of £909.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover7,135,6456,830,2916,256,8675,692,1326,397,8896,027,5485,516,8834,814,4134,417,3293,817,6694,241,4833,201,5543,945,4302,468,442
Other Income Or Grants00000000000000
Cost Of Sales3,546,9963,420,6372,971,2152,799,0693,168,2302,864,1862,701,4363,562,5723,327,5693,144,2123,580,3562,629,9213,352,5131,947,664
Gross Profit3,588,6493,409,6543,285,6522,893,0633,229,6593,163,3622,815,4471,251,8411,089,759673,457661,127571,634592,917520,778
Admin Expenses1,789,6971,550,2651,458,4131,712,2011,445,3531,234,6821,290,5251,088,116787,501550,315172,789-83,241610,796-1,233,589
Operating Profit1,798,9521,859,3891,827,2391,180,8621,784,3061,928,6801,524,922163,725302,258123,142488,338654,875-17,8791,754,367
Interest Payable00000000000000
Interest Receivable5,855744552,4884,1444,3351,5031,6501,4076011,0541,008930701
Pre-Tax Profit1,804,8071,859,4631,827,6941,183,3501,788,4501,933,0151,526,425165,375303,665123,743489,392655,883-16,9491,755,068
Tax-362,827-338,723-284,817-212,986-337,234-344,134-339,304-33,075-60,733-25,986-112,560-157,4120-491,419
Profit After Tax1,441,9801,520,7401,542,877970,3641,451,2161,588,8811,187,121132,300242,93297,757376,832498,471-16,9491,263,649
Dividends Paid1,900,000900,000900,0001,200,000800,0003,600,103546,5140000000
Retained Profit-458,020620,740642,877-229,636651,216-2,011,222640,607132,300242,93297,757376,832498,471-16,9491,263,649
Employee Costs1,745,0651,664,9121,612,9911,812,1641,658,1891,623,4561,395,9361,798,2781,846,983736,419776,389475,288663,842462,364
Number Of Employees6464626567676357542325162316
EBITDA*1,924,2211,951,6621,937,7781,292,3151,851,4302,000,0521,807,345451,724387,710210,343554,967698,09820,6851,791,303

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets498,034485,601356,456452,255278,187225,1021,614,1871,663,2851,696,7681,736,1051,725,9771,258,8041,224,342644,720
Intangible Assets0000000180,000000000
Investments & Other1,2011,2011,2011,2011,2011,2011,2011,2011,201000105,000682,500
Debtors (Due After 1 year)00000000000000
Total Fixed Assets499,235486,802357,657453,456279,388226,3031,615,3881,844,4861,697,9691,736,1051,725,9771,258,8041,329,3421,327,220
Stock & work in progress930,495937,733628,933839,479656,623641,593578,883607,696515,378500,197466,973366,004362,183286,377
Trade Debtors1,193,0061,302,3931,210,854734,5501,104,317968,947938,403831,286639,529779,062842,634653,922558,236547,082
Group Debtors5,6690000000000000
Misc Debtors248,792229,384223,134251,379244,014139,16189,936108,431108,703000340,0000
Cash909,1831,154,211965,290248,261638,627361,9381,061,406227,617432,343130,305110,176311,37391,820280,363
misc current assets00000000000000
total current assets3,287,1453,623,7213,028,2112,073,6692,643,5812,111,6392,668,6281,775,0301,695,9531,409,5641,419,7831,331,2991,352,2391,113,822
total assets3,786,3804,110,5233,385,8682,527,1252,922,9692,337,9424,284,0163,619,5163,393,9223,145,6693,145,7602,590,1032,681,5812,441,042
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 416,281425,513346,886224,809242,202339,062180,653228,411220,961470,786571,868479,6491,042,483388,220
Group/Directors Accounts000084,62197,0860000000400,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities458,260317,782343,797232,830265,053231,489431,140414,569329,78800000
total current liabilities874,541743,295690,683457,639591,876667,637611,793642,980550,749470,786571,868479,6491,042,483788,220
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions110,285107,65456,35173,52949,23538,35527,74331,54430,48129,32223,18615,28342,39839,173
total long term liabilities110,285107,65456,35173,52949,23538,35527,74331,54430,48129,32223,18615,28342,39839,173
total liabilities984,826850,949747,034531,168641,111705,992639,536674,524581,230500,108595,054494,9321,084,881827,393
net assets2,801,5543,259,5742,638,8341,995,9572,281,8581,631,9503,644,4802,944,9922,812,6922,645,5612,550,7062,095,1711,596,7001,613,649
total shareholders funds2,801,5543,259,5742,638,8341,995,9572,281,8581,631,9503,644,4802,944,9922,812,6922,645,5612,550,7062,095,1711,596,7001,613,649
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit1,798,9521,859,3891,827,2391,180,8621,784,3061,928,6801,524,922163,725302,258123,142488,338654,875-17,8791,754,367
Depreciation125,26992,273110,539111,45367,12471,372102,423107,99985,45287,20166,62943,22338,56436,936
Amortisation000000180,000180,000000000
Tax-362,827-338,723-284,817-212,986-337,234-344,134-339,304-33,075-60,733-25,986-112,560-157,4120-491,419
Stock-7,238308,800-210,546182,85615,03062,710-28,81392,31815,18133,224100,9693,82175,806286,377
Debtors-84,31097,789448,059-362,402240,22379,76988,622191,485-30,830-63,572188,712-244,314351,154547,082
Creditors-9,23278,627122,077-17,393-96,860158,409-47,7587,450-249,825-101,08292,219-562,834654,263388,220
Accruals and Deferred Income140,478-26,015110,967-32,22333,564-199,65116,57184,781329,78800000
Deferred Taxes & Provisions2,63151,303-17,17824,29410,88010,612-3,8011,0631,1596,1367,903-27,1153,22539,173
Cash flow from operations1,786,8191,310,2651,631,3141,233,5531,206,5271,482,8091,373,244228,140423,748119,759252,848191,230251,213893,818
Investing Activities
capital expenditure0000-120,2091,387,212-53,325-434,516-46,115-97,329-533,802-77,685-618,186-681,656
Change in Investments000000001,20100-105,000-577,500682,500
cash flow from investments0000-120,2091,387,212-53,325-434,516-47,316-97,329-533,80227,315-40,686-1,364,156
Financing Activities
Bank loans00000000000000
Group/Directors Accounts000-84,621-12,46597,086000000-400,000400,000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue000-56,265-1,308-1,30858,8810-75,801-2,90278,70300350,000
interest5,855744552,4884,1444,3351,5031,6501,4076011,0541,008930701
cash flow from financing5,85574455-138,398-9,629100,11360,3841,650-74,394-2,30179,7571,008-399,070750,701
cash and cash equivalents
cash-245,028188,921717,029-390,366276,689-699,468833,789-204,726302,03820,129-201,197219,553-188,543280,363
overdraft00000000000000
change in cash-245,028188,921717,029-390,366276,689-699,468833,789-204,726302,03820,129-201,197219,553-188,543280,363

allied filter systems 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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Allied Filter Systems Limited Competitor Analysis

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Perform a competitor analysis for allied filter systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M44 area or any other competitors across 12 key performance metrics.

allied filter systems limited Ownership

ALLIED FILTER SYSTEMS LIMITED group structure

Allied Filter Systems Limited has 4 subsidiary companies.

ALLIED FILTER SYSTEMS LIMITED Shareholders

allied filter systems holdings ltd 100%

allied filter systems limited directors

Allied Filter Systems Limited currently has 4 directors. The longest serving directors include Mr Daniel Thompson (Apr 2003) and Mr Christopher Thompson (Apr 2003).

officercountryagestartendrole
Mr Daniel ThompsonEngland51 years Apr 2003- Director
Mr Christopher ThompsonEngland47 years Apr 2003- Director
Mr Neil Ritchie53 years Jan 2025- Director
Mr Javaid RiazEngland57 years Jan 2025- Director

P&L

June 2023

turnover

7.1m

+4%

operating profit

1.8m

-3%

gross margin

50.3%

+0.75%

turnover

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

Balance Sheet

June 2023

net assets

2.8m

-0.14%

total assets

3.8m

-0.08%

cash

909.2k

-0.21%

net assets

Total assets minus all liabilities

allied filter systems limited company details

company number

03043174

Type

Private limited with Share Capital

industry

13950 - Manufacture of non-wovens and articles made from non-wovens, except apparel

incorporation date

April 1995

age

30

incorporated

UK

accounts

Full Accounts

last accounts submitted

June 2023

previous names

microfine filters limited (July 2002)

accountant

-

auditor

SMITH & GOULDING LIMITED

address

huntsman drive northbank, industrial park irlam, manchester, lancashire, M44 5EG

Bank

BARCLAYS BANK PLC

Legal Advisor

-

allied filter systems 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 did not find charges/mortgages relating to allied filter systems limited.

allied filter systems 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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allied filter systems limited Companies House Filings - See Documents

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