Pomanda estimates the enterprise value of ACCURITE INDUSTRIES LTD. at £941.5k based on a Turnover of £2m and 0.46x industry multiple (adjusted for size and gross margin).
accurite industries ltd.Estimated Valuation
£0
Pomanda estimates the enterprise value of ACCURITE INDUSTRIES LTD. at £0 based on an EBITDA of £-11.3k and a 3.93x industry multiple (adjusted for size and gross margin).
accurite industries ltd.Estimated Valuation
£99.4k
Pomanda estimates the enterprise value of ACCURITE INDUSTRIES LTD. at £99.4k based on Net Assets of £38.6k and 2.57x industry multiple (adjusted for liquidity).
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Accurite Industries Ltd.Overview
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.
Pomanda's financial health check has awarded Accurite Industries Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £2m, make it smaller than the average company (£8.8m)
£2m - Accurite Industries Ltd.
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.1%)
7% - Accurite Industries Ltd.
5.1% - Industry AVG
Production
with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)
25.6% - Accurite Industries Ltd.
25.6% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (5.3%)
-0.6% - Accurite Industries Ltd.
5.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (27)
5 - Accurite Industries Ltd.
27 - Industry AVG
Pay Structure
on an average salary of £43.9k, the company has an equivalent pay structure (£43.9k)
£43.9k - Accurite Industries Ltd.
£43.9k - Industry AVG
Efficiency
resulting in sales per employee of £407.6k, this is more efficient (£210.1k)
£407.6k - Accurite Industries Ltd.
£210.1k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (50 days)
23 days - Accurite Industries Ltd.
50 days - Industry AVG
Creditor Days
its suppliers are paid after 232 days, this is slower than average (44 days)
232 days - Accurite Industries Ltd.
44 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is less than average (84 days)
57 days - Accurite Industries Ltd.
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 34 weeks, this is more cash available to meet short term requirements (16 weeks)
34 weeks - Accurite Industries Ltd.
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.2%, this is a higher level of debt than the average (56.8%)
96.2% - Accurite Industries Ltd.
56.8% - Industry AVG
ACCURITE INDUSTRIES LTD. financials
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
2,038,069
2,412,749
2,171,092
1,671,151
1,484,897
2,113,644
1,860,353
1,790,814
1,874,782
5,527,115
4,108,736
2,103,742
1,684,632
2,459,631
Other Income Or Grants
Cost Of Sales
1,515,648
1,707,688
1,556,325
1,195,253
1,010,057
1,428,186
1,116,284
1,094,825
1,289,011
3,791,191
2,817,582
1,403,997
1,075,595
1,466,506
Gross Profit
522,420
705,062
614,767
475,898
474,840
685,458
744,069
695,989
585,771
1,735,924
1,291,155
699,745
609,037
993,125
Admin Expenses
533,755
823,082
774,792
972,676
508,288
597,470
934,531
977,604
2,321,859
1,319,578
846,932
321,482
201,845
596,453
-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
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
-17,560
-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
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
219,257
208,360
193,028
206,350
215,714
372,767
345,830
316,643
340,629
863,192
667,860
406,956
337,851
484,686
Number Of Employees
5
5
5
5
5
9
9
9
9
23
19
11
10
15
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
14,781
11,899
16,995
270,023
953,619
938,781
323,615
343,130
369,443
395,045
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
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
Misc Debtors
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
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
Bank loan
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
other short term finances
hp & lease commitments
other current liabilities
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
hp & lease commitments
Accruals and Deferred Income
37,000
39,600
42,200
44,800
47,400
50,000
52,600
other liabilities
provisions
2,371
1,636
2,714
1,677
2,375
880
880
1,152
2,468
1,656
total long term liabilities
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
14,781
16,826
5,096
12,547
22,116
20,852
26,315
26,315
26,313
35,102
44,568
Amortisation
Tax
-6,721
-17,560
-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
-37,000
-2,600
-2,600
-2,600
-2,600
-2,600
-2,600
52,600
Deferred Taxes & Provisions
-2,371
735
-1,078
1,037
-698
1,495
-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
-19,708
240,481
661,480
-35,690
-641,481
-6,800
-9,500
-439,613
Change in Investments
cash flow from investments
-19,708
240,481
661,480
-35,690
-641,481
-6,800
-9,500
-439,613
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
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
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
accurite industries ltd. 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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accurite industries ltd. Ownership
ACCURITE INDUSTRIES LTD. group structure
Accurite Industries Ltd. has no subsidiary companies.
Ultimate parent company
ACCURITE INDUSTRIES LTD.
03350459
ACCURITE INDUSTRIES LTD. Shareholders
The sole shareholder of Accurite Industries Ltd. is G.M.S. Brownlee.
g.m.s. brownlee
100%
accurite industries ltd. directors
Accurite Industries Ltd. currently has 2 directors.
The longest serving directors include
Mr George Brownlee (Apr 1997) and
Mr George Brownlee (Apr 1997).
low mill business park, morcambe road, ulverston, cumbria, LA12 9EE
Bank
-
Legal Advisor
-
accurite industries ltd. 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 accurite industries ltd..
accurite industries ltd. 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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accurite industries ltd.Companies House Filings - See Documents
