pirtek europe limited
pirtek europe limited Company Information
Company Number
03232759
Website
www.pirtek.co.ukRegistered Address
ashwood court springwood close, tytherington business park, macclesfield, SK10 2XF
Industry
Activities of head offices
Telephone
44800382438
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
hydraulic authority iii limited 100%
pirtek europe limited Estimated Valuation
Pomanda estimates the enterprise value of PIRTEK EUROPE LIMITED at £56.2m based on a Turnover of £14.9m and 3.77x industry multiple (adjusted for size and gross margin).
pirtek europe limited Estimated Valuation
Pomanda estimates the enterprise value of PIRTEK EUROPE LIMITED at £74.2m based on an EBITDA of £11.5m and a 6.45x industry multiple (adjusted for size and gross margin).
pirtek europe limited Estimated Valuation
Pomanda estimates the enterprise value of PIRTEK EUROPE LIMITED at £175.1m based on Net Assets of £44.3m and 3.95x industry multiple (adjusted for liquidity).
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Pirtek Europe Limited Overview
Pirtek Europe Limited is a live company located in macclesfield, SK10 2XF with a Companies House number of 03232759. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 1996, it's largest shareholder is hydraulic authority iii limited with a 100% stake. Pirtek Europe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.9m with high growth in recent years.
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Pirtek Europe Limited Health Check
Pomanda's financial health check has awarded Pirtek Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £14.9m, make it smaller than the average company (£20.3m)
£14.9m - Pirtek Europe Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.4%)
19% - Pirtek Europe Limited
4.4% - Industry AVG
Production
with a gross margin of 32.6%, this company has a comparable cost of product (32.6%)
32.6% - Pirtek Europe Limited
32.6% - Industry AVG
Profitability
an operating margin of 75.9% make it more profitable than the average company (5.9%)
75.9% - Pirtek Europe Limited
5.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (120)
4 - Pirtek Europe Limited
120 - Industry AVG
Pay Structure
on an average salary of £340.4k, the company has a higher pay structure (£45.4k)
£340.4k - Pirtek Europe Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £3.7m, this is more efficient (£186.5k)
£3.7m - Pirtek Europe Limited
£186.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Pirtek Europe Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (45 days)
1 days - Pirtek Europe Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pirtek Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 69 weeks, this is more cash available to meet short term requirements (16 weeks)
69 weeks - Pirtek Europe Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.9%, this is a lower level of debt than the average (57%)
1.9% - Pirtek Europe Limited
57% - Industry AVG
pirtek europe limited Credit Report and Business Information
Pirtek Europe Limited Competitor Analysis
Perform a competitor analysis for pirtek europe limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pirtek europe limited Ownership
PIRTEK EUROPE LIMITED group structure
Pirtek Europe Limited has 1 subsidiary company.
Ultimate parent company
2 parents
PIRTEK EUROPE LIMITED
03232759
1 subsidiary
pirtek europe limited directors
Pirtek Europe Limited currently has 7 directors. The longest serving directors include Mr Michael Thiehofe (Dec 2015) and Dr Christopher Stuckey (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Thiehofe | England | 58 years | Dec 2015 | - | Director |
| Dr Christopher Stuckey | England | 54 years | Nov 2018 | - | Director |
| Mr Harald Overwater | United Kingdom | 60 years | Nov 2018 | - | Director |
| Mr Andrew Mallows | England | 54 years | Apr 2023 | - | Director |
| Mr Stephen Hemsley | United Kingdom | 66 years | Apr 2023 | - | Director |
| Mr Charles Falla | United Kingdom | 48 years | Sep 2023 | - | Director |
| Mr Mark Fryer | United Kingdom | 57 years | Sep 2023 | - | Director |
PIRTEK EUROPE LIMITED financials
Pirtek Europe Limited's latest turnover from March 2023 is £14.9 million and the company has net assets of £44.3 million. According to their latest financial statements, Pirtek Europe Limited has 4 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,928,507 | 11,875,922 | 8,648,943 | 8,857,919 | 7,679,001 | 1,911,282 | 1,000,884 | 479,468 | 1,083,457 | 1,124,706 | 494,220 | 865,348 | 2,804,186 | 2,458,756 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 11,333,650 | 9,735,837 | 7,156,138 | 6,280,434 | 5,669,406 | 872,400 | -546,832 | -1,347,239 | -252,816 | -322,920 | -958,489 | -309,385 | 502,021 | -473,765 |
| Interest Payable | 125,121 | 161,236 | 66,400 | 418,635 | 599,930 | 625,919 | 70,993 | 77,458 | 39,852 | 30,314 | 16,625 | 24,424 | 18,699 | 18,279 |
| Interest Receivable | 1,629,785 | 1,048,365 | 408,335 | 809,355 | 777,943 | 801,154 | 17,709 | 22,579 | 28,617 | 47,300 | 73,281 | 103,532 | 48,058 | 60,927 |
| Pre-Tax Profit | 12,838,314 | 10,622,966 | 7,498,073 | 9,113,876 | 5,847,419 | 2,114,432 | 33,001,455 | -1,402,118 | -264,051 | -305,934 | -901,833 | -230,277 | 531,380 | -431,117 |
| Tax | -927,146 | -424,926 | -686,137 | -487,418 | -767,294 | -844,561 | -124,741 | -191,423 | -576,848 | -671,364 | -497,213 | -280,980 | 280,980 | 0 |
| Profit After Tax | 11,911,168 | 10,198,040 | 6,811,936 | 8,626,458 | 5,080,125 | 1,269,871 | 32,876,714 | -1,593,541 | -840,899 | -977,298 | -1,399,046 | -511,257 | 812,360 | -431,117 |
| Dividends Paid | 0 | 0 | 0 | 11,850,994 | 0 | 697,571 | 26,492,908 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 11,911,168 | 10,198,040 | 6,811,936 | -3,224,536 | 5,080,125 | 572,300 | 6,383,806 | -1,593,541 | -840,899 | -977,298 | -1,399,046 | -511,257 | 812,360 | -431,117 |
| Employee Costs | 1,361,577 | 1,130,933 | 1,177,986 | 977,785 | 1,670,489 | 632,597 | 852,127 | 905,563 | 754,765 | 728,105 | 719,211 | 676,244 | 461,469 | 271,868 |
| Number Of Employees | 4 | 4 | 4 | 4 | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 1 |
| EBITDA* | 11,493,841 | 9,885,309 | 7,298,895 | 6,293,818 | 5,681,922 | 885,652 | -532,815 | -1,339,035 | -249,677 | -297,424 | -868,701 | -220,655 | 590,613 | -383,444 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 373,352 | 498,522 | 587,424 | 0 | 21,321 | 30,722 | 43,974 | 53,455 | 8,973 | 9,532 | 31,521 | 114,897 | 200,067 | 288,087 |
| Intangible Assets | 0 | 0 | 0 | 40,146 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,282,168 | 11,273,826 | 11,273,826 | 11,273,826 | 12,550,389 | 12,550,389 | 9,170,580 | 9,170,580 | 9,170,580 | 9,170,400 | 9,170,400 | 9,141,856 | 9,141,856 | 9,141,856 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,655,520 | 11,772,348 | 11,861,250 | 11,313,972 | 12,571,710 | 12,581,111 | 9,214,554 | 9,224,035 | 9,179,553 | 9,179,932 | 9,201,921 | 9,256,753 | 9,341,923 | 9,429,943 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 31,204,974 | 23,744,898 | 11,777,598 | 2,791,674 | 16,625,399 | 15,466,030 | 14,624,243 | 950,360 | 711,438 | 1,103,513 | 2,334,505 | 2,875,762 | 3,015,795 | 1,876,673 |
| Misc Debtors | 1,162,599 | 500,024 | 414,851 | 1,339,000 | 458,401 | 320,033 | 467,663 | 570,735 | 184,114 | 93,202 | 123,469 | 94,471 | 357,922 | 46,776 |
| Cash | 1,164,167 | 163,382 | 216,043 | 378,160 | 15,743 | 248,217 | 99,485 | 26,706 | 260,572 | 199,611 | 80,081 | 32,564 | 22,622 | 105,362 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,531,740 | 24,408,304 | 12,408,492 | 4,508,834 | 17,099,543 | 16,034,280 | 15,191,391 | 1,547,801 | 1,156,124 | 1,396,326 | 2,538,055 | 3,002,797 | 3,396,339 | 2,028,811 |
| total assets | 45,187,260 | 36,180,652 | 24,269,742 | 15,822,806 | 29,671,253 | 28,615,391 | 24,405,945 | 10,771,836 | 10,335,677 | 10,576,258 | 11,739,976 | 12,259,550 | 12,738,262 | 11,458,754 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,662 | 159,708 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 51,319 | 256,329 | 117,342 | 62,313 | 118,960 | 22,674 | 170,242 | 66,809 | 55,995 | 72,564 | 93,001 | 10,078 | 7,332 | 34,657 |
| Group/Directors Accounts | 168,895 | 2,555,166 | 783,639 | 275,242 | 10,333,993 | 14,407,085 | 10,905,252 | 3,653,489 | 1,722,917 | 739,537 | 745,966 | 442,527 | 392,308 | 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 | 0 | 0 | 0 |
| other current liabilities | 646,917 | 959,566 | 1,157,840 | 244,987 | 574,107 | 621,564 | 338,683 | 443,576 | 355,262 | 721,755 | 881,309 | 388,199 | 351,957 | 88,287 |
| total current liabilities | 867,131 | 3,771,061 | 2,058,821 | 582,542 | 11,027,060 | 15,051,323 | 11,414,177 | 4,163,874 | 2,134,174 | 1,533,856 | 1,720,276 | 840,804 | 808,259 | 282,652 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,459 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 630 | 0 | 493 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 630 | 0 | 493 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,459 |
| total liabilities | 867,131 | 3,771,691 | 2,058,821 | 583,035 | 11,027,060 | 15,051,323 | 11,414,177 | 4,163,874 | 2,134,174 | 1,533,856 | 1,720,276 | 840,804 | 808,259 | 341,111 |
| net assets | 44,320,129 | 32,408,961 | 22,210,921 | 15,239,771 | 18,644,193 | 13,564,068 | 12,991,768 | 6,607,962 | 8,201,503 | 9,042,402 | 10,019,700 | 11,418,746 | 11,930,003 | 11,117,643 |
| total shareholders funds | 44,320,129 | 32,408,961 | 22,210,921 | 15,239,771 | 18,644,193 | 13,564,068 | 12,991,768 | 6,607,962 | 8,201,503 | 9,042,402 | 10,019,700 | 11,418,746 | 11,930,003 | 11,117,643 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 11,333,650 | 9,735,837 | 7,156,138 | 6,280,434 | 5,669,406 | 872,400 | -546,832 | -1,347,239 | -252,816 | -322,920 | -958,489 | -309,385 | 502,021 | -473,765 |
| Depreciation | 160,191 | 149,472 | 142,757 | 13,384 | 12,516 | 13,252 | 14,017 | 8,204 | 3,139 | 25,496 | 89,788 | 88,730 | 88,592 | 90,321 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -927,146 | -424,926 | -686,137 | -487,418 | -767,294 | -844,561 | -124,741 | -191,423 | -576,848 | -671,364 | -497,213 | -280,980 | 280,980 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 8,122,651 | 12,052,473 | 8,061,775 | -12,953,126 | 1,297,737 | 694,157 | 13,570,811 | 625,543 | -301,163 | -1,261,259 | -512,259 | -403,484 | 1,450,268 | 1,923,449 |
| Creditors | -205,010 | 138,987 | 55,029 | -56,647 | 96,286 | -147,568 | 103,433 | 10,814 | -16,569 | -20,437 | 82,923 | 2,746 | -27,325 | 34,657 |
| Accruals and Deferred Income | -312,649 | -198,274 | 912,853 | -329,120 | -47,457 | 282,881 | -104,893 | 88,314 | -366,493 | -159,554 | 493,110 | 36,242 | 263,670 | 88,287 |
| Deferred Taxes & Provisions | -630 | 630 | -493 | 493 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,925,755 | -2,650,747 | -481,628 | 18,374,252 | 3,665,720 | -517,753 | -14,229,827 | -2,056,873 | -908,424 | 112,480 | -277,622 | -59,163 | -342,330 | -2,183,949 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 8,342 | 0 | 0 | -1,276,563 | 0 | 3,379,809 | 0 | 0 | 180 | 0 | 28,544 | 0 | 0 | 9,141,856 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,386,271 | 1,771,527 | 508,397 | -10,058,751 | -4,073,092 | 3,501,833 | 7,251,763 | 1,930,572 | 983,380 | -6,429 | 303,439 | 50,219 | 392,308 | 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 | -58,459 | 58,459 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 1,504,664 | 887,129 | 341,935 | 390,720 | 178,013 | 175,235 | -53,284 | -54,879 | -11,235 | 16,986 | 56,656 | 79,108 | 29,359 | 42,648 |
| cash flow from financing | -881,607 | 2,658,656 | 1,009,546 | -9,847,917 | -3,895,079 | 3,677,068 | 7,198,479 | 1,875,693 | 972,145 | 10,557 | 360,095 | 129,327 | 363,208 | 11,649,867 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,000,785 | -52,661 | -162,117 | 362,417 | -232,474 | 148,732 | 72,779 | -233,866 | 60,961 | 119,530 | 47,517 | 9,942 | -82,740 | 105,362 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -56,662 | -103,046 | 159,708 |
| change in cash | 1,000,785 | -52,661 | -162,117 | 362,417 | -232,474 | 148,732 | 72,779 | -233,866 | 60,961 | 119,530 | 47,517 | 66,604 | 20,306 | -54,346 |
P&L
March 2023turnover
14.9m
+26%
operating profit
11.3m
+16%
gross margin
32.7%
+0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
44.3m
+0.37%
total assets
45.2m
+0.25%
cash
1.2m
+6.13%
net assets
Total assets minus all liabilities
pirtek europe limited company details
company number
03232759
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
de facto 517 limited (September 1996)
incorporated
UK
address
ashwood court springwood close, tytherington business park, macclesfield, SK10 2XF
last accounts submitted
March 2023
pirtek europe 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 7 charges/mortgages relating to pirtek europe limited. Currently there are 3 open charges and 4 have been satisfied in the past.
pirtek europe limited Companies House Filings - See Documents
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