Accurite Industries Ltd.

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accurite industries ltd. Company Information

Live

MatureSmallHealthy

Company Number

03350459

Next Accounts

Jun 2025

Industry

Repair of machinery

Directors

George Brownlee

Shareholders

g.m.s. brownlee

Group Structure

View All

Contact

Registered Address

low mill business park, morcambe road, ulverston, cumbria, LA12 9EE

Website

www.accurite.co.uk

accurite industries ltd. Estimated Valuation

£961.1k

Pomanda estimates the enterprise value of ACCURITE INDUSTRIES LTD. at £961.1k based on a Turnover of £2m and 0.49x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Accurite Industries Ltd. is a live company located in ulverston, LA12 9EE with a Companies House number of 03350459. It operates in the repair of machinery sector, SIC Code 33120. Founded in April 1997, it's largest shareholder is g.m.s. brownlee with a 100% stake. Accurite Industries Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Accurite Industries Ltd. a 4.5 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

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2m, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.1%)

EXPORT

Accurite Industries Ltd.'s latest turnover from September 2023 is estimated at £2 million and the company has net assets of £38.6 thousand. According to their latest financial statements, Accurite Industries Ltd. has 5 employees and maintains cash reserves of £631.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,980,078	2,483,278	2,152,559	1,677,867	1,498,105	2,093,407	1,855,660	1,788,687	1,898,620	5,474,601	4,417,421	2,095,096	1,751,925	2,483,812	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,402,045	1,732,468	1,504,225	1,197,770	1,002,458	1,363,897	1,107,150	1,088,365	1,302,901	3,700,694	3,025,072	1,393,240	1,114,066	1,473,872	0
Gross Profit	578,033	750,810	648,334	480,097	495,647	729,510	748,510	700,322	595,719	1,773,907	1,392,349	701,856	637,858	1,009,940	0
Admin Expenses	589,368	868,830	808,359	976,875	529,095	641,522	938,972	981,937	2,331,807	1,357,561	948,126	323,593	230,666	613,268	-1,844,509
Operating Profit	-11,335	-118,020	-160,025	-496,778	-33,448	87,988	-190,462	-281,615	-1,736,088	416,346	444,223	378,263	407,192	396,672	1,844,509
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	38,218	19,272	878	657	4,283	4,434	1,369	1,902	10,113	14,914	13,021	10,796	9,857	9,314	4,320
Pre-Tax Profit	26,883	-98,748	-159,147	-496,121	-29,165	92,422	-189,093	-279,713	-1,725,975	431,259	457,244	389,059	417,049	405,986	1,848,829
Tax	-6,721	0	0	0	0	-17,560	0	0	0	-90,564	-105,166	-93,374	-108,433	-113,676	-517,672
Profit After Tax	20,162	-98,748	-159,147	-496,121	-29,165	74,862	-189,093	-279,713	-1,725,975	340,695	352,078	295,685	308,616	292,310	1,331,157
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,162	-98,748	-159,147	-496,121	-29,165	74,862	-189,093	-279,713	-1,725,975	340,695	352,078	295,685	308,616	292,310	1,331,157
Employee Costs	218,602	203,087	193,028	204,459	214,612	372,767	346,206	316,643	340,629	863,192	703,010	406,956	375,687	518,328	0
Number Of Employees	5	5	5	5	5	9	9	9	9	23	20	11	11	16	0
EBITDA*	-11,335	-118,020	-160,025	-496,778	-18,667	104,814	-185,366	-269,068	-1,713,972	437,198	470,538	404,578	433,505	431,774	1,889,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	14,781	11,899	16,995	270,023	953,619	938,781	323,615	343,130	369,443	395,045
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	14,781	11,899	16,995	270,023	953,619	938,781	323,615	343,130	369,443	395,045
Stock & work in progress	240,134	340,186	213,960	262,752	528,192	472,216	460,333	420,389	317,900	746,006	405,450	239,913	311,419	300,000	425,000
Trade Debtors	131,628	22,524	52,774	57,542	53,436	66,418	102,119	110,524	102,435	143,206	103,305	126,478	85,121	123,338	132,892
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	631,696	824,233	888,850	866,879	447,405	694,610	487,871	607,261	914,598	3,130,469	2,835,050	2,373,226	1,945,213	1,997,596	1,728,171
misc current assets	0	0	0	0	0	552,289	552,289	552,289	542,966	489,452	396,798	195,896	195,896	185,925	99,097
total current assets	1,003,458	1,186,943	1,155,584	1,187,173	1,581,322	1,785,533	1,602,612	1,690,463	1,877,899	4,509,133	3,740,603	2,935,513	2,537,649	2,606,859	2,385,160
total assets	1,003,458	1,186,943	1,155,584	1,187,173	1,581,322	1,800,314	1,614,511	1,707,458	2,147,922	5,462,752	4,679,384	3,259,128	2,880,779	2,976,302	2,780,205
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	964,855	1,168,502	1,038,395	910,837	808,865	996,321	886,115	788,891	913,679	2,499,236	2,055,458	984,680	899,144	1,299,367	1,393,792
Group/Directors Accounts	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	964,855	1,168,502	1,038,395	910,837	808,865	996,321	886,115	788,891	913,679	2,499,236	2,055,458	984,680	899,144	1,299,367	1,393,792
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	37,000	39,600	42,200	44,800	47,400	50,000	52,600
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	2,371	1,636	2,714	1,677	2,375	880	880	1,152	2,468	1,656
total long term liabilities	0	0	0	0	0	2,371	1,636	2,714	38,677	41,975	43,080	45,680	48,552	52,468	54,256
total liabilities	964,855	1,168,502	1,038,395	910,837	808,865	998,692	887,751	791,605	952,356	2,541,211	2,098,538	1,030,360	947,696	1,351,835	1,448,048
net assets	38,603	18,441	117,189	276,336	772,457	801,622	726,760	915,853	1,195,566	2,921,541	2,580,846	2,228,768	1,933,083	1,624,467	1,332,157
total shareholders funds	38,603	18,441	117,189	276,336	772,457	801,622	726,760	915,853	1,195,566	2,921,541	2,580,846	2,228,768	1,933,083	1,624,467	1,332,157

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-11,335	-118,020	-160,025	-496,778	-33,448	87,988	-190,462	-281,615	-1,736,088	416,346	444,223	378,263	407,192	396,672	1,844,509
Depreciation	0	0	0	0	14,781	16,826	5,096	12,547	22,116	20,852	26,315	26,315	26,313	35,102	44,568
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,721	0	0	0	0	-17,560	0	0	0	-90,564	-105,166	-93,374	-108,433	-113,676	-517,672
Stock	-100,052	126,226	-48,792	-265,440	55,976	11,883	39,944	102,489	-428,106	340,556	165,537	-71,506	11,419	-125,000	425,000
Debtors	109,104	-30,250	-4,768	4,106	-12,982	-35,701	-8,405	8,089	-40,771	39,901	-23,173	41,357	-38,217	-9,554	132,892
Creditors	-203,647	130,107	127,558	101,972	-187,456	110,206	97,224	-124,788	-1,585,557	443,778	1,070,778	85,536	-400,223	-94,425	1,393,792
Accruals and Deferred Income	0	0	0	0	0	0	0	-37,000	-2,600	-2,600	-2,600	-2,600	-2,600	-2,600	52,600
Deferred Taxes & Provisions	0	0	0	0	-2,371	735	-1,078	1,037	-698	1,495	0	-272	-1,316	812	1,656
Cash flow from operations	-230,755	-83,889	21,093	-133,472	-251,488	222,013	-120,759	-540,397	-2,833,950	408,850	1,291,186	424,017	-52,269	356,439	2,261,561
Investing Activities
capital expenditure	0	0	0	0	0	-19,708	0	240,481	661,480	-35,690	-641,481	-6,800	0	-9,500	-439,613
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-19,708	0	240,481	661,480	-35,690	-641,481	-6,800	0	-9,500	-439,613
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	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	0
Long term loans	0	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	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	38,218	19,272	878	657	4,283	4,434	1,369	1,902	10,113	14,914	13,021	10,796	9,857	9,314	4,320
cash flow from financing	38,218	19,272	878	657	4,283	4,434	1,369	1,902	10,113	14,914	13,021	10,796	9,857	9,314	5,320
cash and cash equivalents
cash	-192,537	-64,617	21,971	419,474	-247,205	206,739	-119,390	-307,337	-2,215,871	295,419	461,824	428,013	-52,383	269,425	1,728,171
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-192,537	-64,617	21,971	419,474	-247,205	206,739	-119,390	-307,337	-2,215,871	295,419	461,824	428,013	-52,383	269,425	1,728,171

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for accurite industries ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LA12 area or any other competitors across 12 key performance metrics.

ACCURITE INDUSTRIES LTD. group structure

Accurite Industries Ltd. has no subsidiary companies.

Ultimate parent company

ACCURITE INDUSTRIES LTD.

03350459

ACCURITE INDUSTRIES LTD. Shareholders

g.m.s. brownlee

100%

Accurite Industries Ltd. currently has 2 directors. The longest serving directors include Mr George Brownlee (Apr 1997) and Mr George Brownlee (Apr 1997).

officer	country	age	start	end	role
Mr George Brownlee		91 years	Apr 1997	-	Director
Mr George Brownlee		60 years	Apr 1997	-	Director

P&L

September 2023

turnover

-20%

operating profit

-11.3k

gross margin

29.2%

-3.45%

turnover

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

Balance Sheet

September 2023

net assets

38.6k

+1.09%

total assets

-0.15%

cash

631.7k

-0.23%

net assets

Total assets minus all liabilities

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company number

03350459

Type

Private limited with Share Capital

industry

33120 - Repair of machinery

incorporation date

April 1997

ultimate parent company

None

previous names

N/A

address

low mill business park, morcambe road, ulverston, cumbria, LA12 9EE

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.

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accurite industries ltd. Company Information

accurite industries ltd. Estimated Valuation

accurite industries ltd. Estimated Valuation

accurite industries ltd. Estimated Valuation

Accurite Industries Ltd. Overview

Accurite Industries Ltd. Health Check

ACCURITE INDUSTRIES LTD. financials

accurite industries ltd. Credit Report and Business Information

Accurite Industries Ltd. Competitor Analysis

accurite industries ltd. Ownership

accurite industries ltd. directors

accurite industries ltd. company details

accurite industries ltd. Charges & Mortgages

accurite industries ltd. Companies House Filings - See Documents