West Yorkshire Spinners Limited

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west yorkshire spinners limited Company Information

Company Number

03306556

Next Accounts

Dec 2025

Directors

Richard Longbottom

Gareth Jones

Shareholders

ernst gylfe

richard longbottom

Group Structure

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Industry

Preparation and spinning of textile fibres

Registered Address

unit 2 airedale park, royd ings avenue, keighley, west yorkshire, BD21 4DG

Website

http://wyspinners.com

west yorkshire spinners limited Estimated Valuation

£12.4m

Pomanda estimates the enterprise value of WEST YORKSHIRE SPINNERS LIMITED at £12.4m based on Net Assets of £6.7m and 1.85x industry multiple (adjusted for liquidity).

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West Yorkshire Spinners Limited is a live company located in keighley, BD21 4DG with a Companies House number of 03306556. It operates in the preparation and spinning of textile fibres sector, SIC Code 13100. Founded in January 1997, it's largest shareholder is ernst gylfe with a 90% stake. West Yorkshire Spinners Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with low growth in recent years.

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

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £10.9m, make it in line with the average company (£12.7m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.6%)

EXPORT

West Yorkshire Spinners Limited's latest turnover from March 2024 is £10.9 million and the company has net assets of £6.7 million. According to their latest financial statements, West Yorkshire Spinners Limited has 69 employees and maintains cash reserves of £255.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	10,925,914	12,687,241	11,551,891	9,892,153	8,738,961	8,747,016	8,465,049	8,880,626	7,789,387	6,997,109	7,866,664	6,583,223	6,919,405	7,104,557	4,980,537
Other Income Or Grants
Cost Of Sales	8,326,071	9,748,456	8,740,544	7,470,867	6,957,355	6,550,262	5,854,339	6,420,499	6,333,491	5,596,273	6,594,373	5,288,954	5,612,296	5,617,088	3,839,012
Gross Profit	2,599,843	2,938,785	2,811,347	2,421,286	1,781,606	2,196,754	2,610,710	2,460,127	1,455,896	1,400,836	1,272,291	1,294,269	1,307,110	1,487,469	1,141,524
Admin Expenses	2,510,508	2,563,635	1,921,633	1,893,200	1,897,313	1,964,178	1,755,733	1,714,440	1,420,664	1,190,515	1,098,349	755,458	886,612	576,735	-418,223
Operating Profit	89,335	375,150	889,714	528,086	-115,707	232,576	854,977	745,687	35,232	210,321	173,942	538,811	420,498	910,734	1,559,747
Interest Payable	81,226	45,689	23,695	32,837	43,286	45,301	31,960	37,691	51,311	48,149		14,219	29,656	15,438
Interest Receivable	1,991	39	66	35	176	158	1	5	6	5,600	1,623	2,951	3,488	4,079	2,396
Pre-Tax Profit	10,100	329,500	866,085	495,284	40,154	187,433	823,018	356,102	236,717	314,167	175,565	527,543	394,330	899,375	1,562,143
Tax	-7,093	-61,732	-286,908	-76,949	1,345	-40,084	-156,739	-72,389	-123,800	-58,818	-40,380	-126,610	-102,526	-251,825	-437,400
Profit After Tax	3,007	267,768	579,177	418,335	41,499	147,349	666,279	283,713	112,917	255,349	135,185	400,933	291,804	647,550	1,124,743
Dividends Paid
Retained Profit	3,007	267,768	579,177	418,335	41,499	147,349	666,279	283,713	112,917	255,349	135,185	400,933	291,804	647,550	1,124,743
Employee Costs	2,198,955	2,039,601	1,999,027	1,849,186	1,857,991	1,733,609	1,602,773	1,451,862	1,146,278	1,072,977	1,940,287	1,523,858	1,894,062	1,912,375	1,448,535
Number Of Employees	69	66	72	63	72	63	60	61	47	47	79	65	83	79	56
EBITDA*	262,546	537,381	1,016,100	624,622	-34,185	489,606	1,111,886	996,209	294,192	432,792	417,163	3,782,888	612,098	1,075,880	1,710,515

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	6,974,709	7,039,545	5,909,215	5,330,367	5,311,833	5,056,622	4,718,756	4,586,423	4,455,514	3,813,948	3,665,694	3,485,044	2,223,131	1,852,921	671,095
Intangible Assets
Investments & Other					425,000	525,443
Debtors (Due After 1 year)
Total Fixed Assets	6,974,709	7,039,545	5,909,215	5,330,367	5,736,833	5,582,065	4,718,756	4,586,423	4,455,514	3,813,948	3,665,694	3,485,044	2,223,131	1,852,921	671,095
Stock & work in progress	3,318,471	3,384,801	3,235,541	2,421,343	2,133,628	2,306,901	1,925,057	1,835,300	1,493,925	1,376,631	1,030,104	831,584	688,935	771,217	428,272
Trade Debtors	442,196	495,392	487,940	300,491	173,410	299,597	384,533	292,664	277,176	383,209	808,614	892,887	1,096,106	1,149,669	725,668
Group Debtors
Misc Debtors	234,054	203,344	182,783	254,836	176,548	205,775	182,613	265,609	227,956	125,698
Cash	255,362	520,668	539,879	459,250	180,224	288,020	709,838	327,092	391,575	40,751	190,695	458,537	721,990	673,220	958,241
misc current assets
total current assets	4,250,083	4,604,205	4,446,143	3,435,920	2,663,810	3,100,293	3,202,041	2,720,665	2,390,632	1,926,289	2,029,413	2,183,008	2,507,031	2,594,106	2,112,181
total assets	11,224,792	11,643,750	10,355,358	8,766,287	8,400,643	8,682,358	7,920,797	7,307,088	6,846,146	5,740,237	5,695,107	5,668,052	4,730,162	4,447,027	2,783,276
Bank overdraft	767,911	732,216	530,891	468,255	528,532	505,046	433,903	398,470
Bank loan
Trade Creditors	1,601,905	1,989,012	1,777,752	1,390,679	888,904	1,406,939	1,054,657	1,159,891	1,013,900	830,016	1,787,543	1,798,065	1,688,765	1,682,734	1,330,533
Group/Directors Accounts						126,198	126,198	126,198	126,198	126,198
other short term finances									313,132	406,448
hp & lease commitments	18,985	13,802	14,281	4,181					10,175	21,619
other current liabilities	1,162,817	1,184,460	851,402	560,426	713,268	538,286	685,894	586,663	545,888	262,134
total current liabilities	3,551,618	3,919,490	3,174,326	2,423,541	2,130,704	2,576,469	2,300,652	2,271,222	2,009,293	1,646,415	1,787,543	1,798,065	1,688,765	1,682,734	1,330,533
loans	216,742	274,541	332,339	390,139	757,939	855,739	553,000	646,000	739,000	832,000			437,500	475,000
hp & lease commitments	36,162	32,582	42,491	6,272						10,758
Accruals and Deferred Income
other liabilities											958,349	1,071,597	200,000	200,000
provisions	715,584	715,458	578,290	297,600	281,600	240,000	252,646	241,646	233,346	165,500	119,000	103,360	109,800	87,000	98,000
total long term liabilities	968,488	1,022,581	953,120	694,011	1,039,539	1,095,739	805,646	887,646	972,346	1,008,258	1,077,349	1,174,957	747,300	762,000	98,000
total liabilities	4,520,106	4,942,071	4,127,446	3,117,552	3,170,243	3,672,208	3,106,298	3,158,868	2,981,639	2,654,673	2,864,892	2,973,022	2,436,065	2,444,734	1,428,533
net assets	6,704,686	6,701,679	6,227,912	5,648,735	5,230,400	5,010,150	4,814,499	4,148,220	3,864,507	3,085,564	2,830,215	2,695,030	2,294,097	2,002,293	1,354,743
total shareholders funds	6,704,686	6,701,679	6,227,912	5,648,735	5,230,400	5,010,150	4,814,499	4,148,220	3,864,507	3,085,564	2,830,215	2,695,030	2,294,097	2,002,293	1,354,743

	Mar 2024	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	89,335	375,150	889,714	528,086	-115,707	232,576	854,977	745,687	35,232	210,321	173,942	538,811	420,498	910,734	1,559,747
Depreciation	173,211	162,231	126,386	96,536	81,522	257,030	256,909	250,522	258,960	222,471	243,221	3,244,077	191,600	165,146	150,768
Amortisation
Tax	-7,093	-61,732	-286,908	-76,949	1,345	-40,084	-156,739	-72,389	-123,800	-58,818	-40,380	-126,610	-102,526	-251,825	-437,400
Stock	-66,330	149,260	814,198	287,715	-173,273	381,844	89,757	341,375	117,294	346,527	198,520	142,649	-82,282	342,945	428,272
Debtors	-22,486	28,013	115,396	205,369	-155,414	-61,774	8,873	53,141	-3,775	-299,707	-84,273	-203,219	-53,563	424,001	725,668
Creditors	-387,107	211,260	387,073	501,775	-518,035	352,282	-105,234	145,991	183,884	-957,527	-10,522	109,300	6,031	352,201	1,330,533
Accruals and Deferred Income	-21,643	333,058	290,976	-152,842	174,982	-147,608	99,231	40,775	283,754	262,134
Deferred Taxes & Provisions	126	137,168	280,690	16,000	41,600	-12,646	11,000	8,300	67,846	46,500	15,640	-6,440	22,800	-11,000	98,000
Cash flow from operations	-64,355	979,862	758,337	419,522	-5,606	321,480	861,514	724,370	592,357	-321,739	267,654	3,819,708	674,248	398,310	1,547,708
Investing Activities
capital expenditure							-394,336	-408,646	-227,198	-382,479	-423,871	-4,505,990	-561,810	-1,346,972	-821,863
Change in Investments				-425,000	-100,443	525,443
cash flow from investments				425,000	100,443	-525,443	-394,336	-408,646	-227,198	-382,479	-423,871	-4,505,990	-561,810	-1,346,972	-821,863
Financing Activities
Bank loans
Group/Directors Accounts					-126,198					126,198
Other Short Term Loans								-313,132	-93,316	406,448
Long term loans	-57,799	-57,798	-57,800	-367,800	-97,800	302,739	-93,000	-93,000	-93,000	832,000		-437,500	-37,500	475,000
Hire Purchase and Lease Commitments	8,763	-10,388	46,319	10,453				-10,175	-22,202	32,377
other long term liabilities										-958,349	-113,248	871,597		200,000
share issue		205,999			178,751	48,302			666,026						230,000
interest	-79,235	-45,650	-23,629	-32,802	-43,110	-45,143	-31,959	-37,686	-51,305	-42,549	1,623	-11,268	-26,168	-11,359	2,396
cash flow from financing	-128,271	92,163	-35,110	-390,149	-88,357	305,898	-124,959	-453,993	406,203	396,125	-111,625	422,829	-63,668	663,641	232,396
cash and cash equivalents
cash	-265,306	-19,211	80,629	279,026	-107,796	-421,818	382,746	-64,483	350,824	-149,944	-267,842	-263,453	48,770	-285,021	958,241
overdraft	35,695	201,325	62,636	-60,277	23,486	71,143	35,433	398,470
change in cash	-301,001	-220,536	17,993	339,303	-131,282	-492,961	347,313	-462,953	350,824	-149,944	-267,842	-263,453	48,770	-285,021	958,241

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEST YORKSHIRE SPINNERS LIMITED group structure

West Yorkshire Spinners Limited has no subsidiary companies.

Ultimate parent company

WEST YORKSHIRE SPINNERS LIMITED

03306556

WEST YORKSHIRE SPINNERS LIMITED Shareholders

ernst gylfe	90%
richard longbottom	10%

West Yorkshire Spinners Limited currently has 2 directors. The longest serving directors include Mr Richard Longbottom (May 2016) and Mr Gareth Jones (Oct 2020).

officer	country	age	start	end	role
Mr Richard Longbottom		40 years	May 2016	-	Director
Mr Gareth Jones		39 years	Oct 2020	-	Director

P&L

March 2024

turnover

10.9m

-14%

operating profit

89.3k

-76%

gross margin

23.8%

+2.73%

turnover

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

Balance Sheet

March 2024

net assets

6.7m

total assets

11.2m

-0.04%

cash

255.4k

-0.51%

net assets

Total assets minus all liabilities

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company number

03306556

Type

Private limited with Share Capital

industry

13100 - Preparation and spinning of textile fibres

incorporation date

January 1997

ultimate parent company

None

previous names

N/A

address

unit 2 airedale park, royd ings avenue, keighley, west yorkshire, BD21 4DG

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 west yorkshire spinners limited. Currently there are 3 open charges and 4 have been satisfied in the past.

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west yorkshire spinners limited Company Information

west yorkshire spinners limited Estimated Valuation

west yorkshire spinners limited Estimated Valuation

west yorkshire spinners limited Estimated Valuation

West Yorkshire Spinners Limited Overview

West Yorkshire Spinners Limited Health Check

WEST YORKSHIRE SPINNERS LIMITED financials

west yorkshire spinners limited Credit Report and Business Information

West Yorkshire Spinners Limited Competitor Analysis

west yorkshire spinners limited Ownership

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west yorkshire spinners limited company details

west yorkshire spinners limited Charges & Mortgages

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