siddall & hilton products limited

siddall & hilton products limited Company Information

Share SIDDALL & HILTON PRODUCTS LIMITED
Live 
MatureMidDeclining

Company Number

03460387

Industry

Manufacture of wire products, chain and springs

 

Directors

Sally Brady

Andrew Dawson

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Shareholders

blackfish enterprises ltd

Group Structure

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Contact

Registered Address

siddall & hilton products limite, birds royd lane, brighouse, west yorkshire, HD6 1LT

siddall & hilton products limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of SIDDALL & HILTON PRODUCTS LIMITED at £9.2m based on a Turnover of £16.3m and 0.57x industry multiple (adjusted for size and gross margin).

siddall & hilton products limited Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of SIDDALL & HILTON PRODUCTS LIMITED at £10.1m based on an EBITDA of £2m and a 5.03x industry multiple (adjusted for size and gross margin).

siddall & hilton products limited Estimated Valuation

£31m

Pomanda estimates the enterprise value of SIDDALL & HILTON PRODUCTS LIMITED at £31m based on Net Assets of £16.4m and 1.89x industry multiple (adjusted for liquidity).

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Siddall & Hilton Products Limited Overview

Siddall & Hilton Products Limited is a live company located in brighouse, HD6 1LT with a Companies House number of 03460387. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in November 1997, it's largest shareholder is blackfish enterprises ltd with a 100% stake. Siddall & Hilton Products Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.3m with declining growth in recent years.

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Siddall & Hilton Products Limited Health Check

Pomanda's financial health check has awarded Siddall & Hilton Products Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £28.3m, make it larger than the average company (£14.5m)

£28.3m - Siddall & Hilton Products Limited

£14.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.4%)

16% - Siddall & Hilton Products Limited

4.4% - Industry AVG

production

Production

with a gross margin of 22.4%, this company has a higher cost of product (30.5%)

22.4% - Siddall & Hilton Products Limited

30.5% - Industry AVG

profitability

Profitability

an operating margin of 14.1% make it more profitable than the average company (10.3%)

14.1% - Siddall & Hilton Products Limited

10.3% - Industry AVG

employees

Employees

with 62 employees, this is similar to the industry average (63)

62 - Siddall & Hilton Products Limited

63 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.5k, the company has a higher pay structure (£42k)

£53.5k - Siddall & Hilton Products Limited

£42k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £456.7k, this is more efficient (£161.6k)

£456.7k - Siddall & Hilton Products Limited

£161.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 85 days, this is later than average (58 days)

85 days - Siddall & Hilton Products Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (41 days)

60 days - Siddall & Hilton Products Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 60 days, this is less than average (111 days)

60 days - Siddall & Hilton Products Limited

111 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)

1 weeks - Siddall & Hilton Products Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.7%, this is a lower level of debt than the average (39.3%)

31.7% - Siddall & Hilton Products Limited

39.3% - Industry AVG

SIDDALL & HILTON PRODUCTS LIMITED financials

EXPORTms excel logo

Siddall & Hilton Products Limited's latest turnover from December 2023 is £16.3 million and the company has net assets of £16.4 million. According to their latest financial statements, Siddall & Hilton Products Limited has 59 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover16,276,00028,316,00025,287,00017,339,00018,166,00018,362,00018,051,00021,322,00018,821,00018,110,00013,833,00017,730,00019,033,00019,727,00017,130,000
Other Income Or Grants000000000000000
Cost Of Sales12,170,00021,975,00019,060,00013,760,00015,051,00015,705,00015,724,00018,099,00016,186,00016,091,00012,825,00016,743,00017,435,00017,652,00015,154,000
Gross Profit4,106,0006,341,0006,227,0003,579,0003,115,0002,657,0002,327,0003,223,0002,635,0002,019,0001,008,000987,0001,598,0002,075,0001,976,000
Admin Expenses2,579,0002,362,0001,500,0001,190,0001,560,0001,241,0001,489,0001,876,0002,277,0001,799,000949,0001,021,0001,350,0001,281,0001,271,000
Operating Profit1,527,0003,979,0004,727,0002,389,0001,555,0001,416,000838,0001,347,000358,000220,00059,000-34,000248,000794,000705,000
Interest Payable70,000136,000129,00083,000155,000142,000154,000211,000124,000115,00037,000112,000802,0001,112,000984,000
Interest Receivable00000008,0000000000
Pre-Tax Profit1,457,0003,843,0004,598,0002,306,0001,400,0001,274,000684,0001,144,0003,238,000106,00054,000127,000-554,000-318,000-279,000
Tax-365,000-713,000-960,000-417,000-293,000-220,000-13,000-156,000-43,000-23,000-140,00036,000486,00081,000-160,000
Profit After Tax1,092,0003,130,0003,638,0001,889,0001,107,0001,054,000671,000988,0003,195,00083,000-86,000163,000-68,000-237,000-439,000
Dividends Paid30,000313,000313,000313,000313,000320,000328,000410,0000000378,00068,0000
Retained Profit1,062,0002,817,0003,325,0001,576,000794,000734,000343,000578,0003,195,00083,000-86,000163,000-446,000-305,000-439,000
Employee Costs2,324,0003,316,0002,713,0002,338,0002,111,0002,343,0002,282,0003,059,0002,625,0002,563,0002,136,0002,411,0002,333,0002,203,0002,009,000
Number Of Employees596257515362646974716577848376
EBITDA*2,013,0004,550,0005,211,0002,708,0001,874,0001,746,0001,213,0001,804,0001,052,000892,000728,000626,000876,0001,513,0001,293,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,014,0003,402,0003,171,0002,980,0001,519,0001,806,0002,178,0002,336,0002,708,0003,341,0003,871,0004,212,0004,891,0005,284,0005,669,000
Intangible Assets00000000000000115,000
Investments & Other0000000000000379,0003,179,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets3,014,0003,402,0003,171,0002,980,0001,519,0001,806,0002,178,0002,336,0002,708,0003,341,0003,871,0004,212,0004,891,0005,663,0008,963,000
Stock & work in progress2,564,0003,630,0003,022,0002,159,0002,203,0002,656,0003,313,0002,764,0002,901,0002,953,0002,640,0002,787,0003,050,0003,410,0004,045,000
Trade Debtors4,453,0006,601,0006,403,0004,802,0004,324,0004,213,0003,907,0003,440,0003,624,0003,367,0002,666,0004,082,0004,043,0003,311,0002,664,000
Group Debtors8,460,0008,360,0007,960,0007,958,0007,912,0005,283,0004,674,0004,752,0004,841,000000000
Misc Debtors252,000368,000345,000209,000200,000238,00075,000290,000118,00090,00077,000211,000374,000159,000156,000
Cash1,560,000105,000159,00093,00028,000114,00045,000124,000432,00000000698,000
misc current assets000000000000000
total current assets17,289,00019,064,00017,889,00015,221,00014,667,00012,504,00012,014,00011,370,00011,916,0006,410,0005,383,0007,080,0007,467,0006,880,0007,563,000
total assets20,303,00022,466,00021,060,00018,201,00016,186,00014,310,00014,192,00013,706,00014,624,0009,751,0009,254,00011,292,00012,358,00012,543,00016,526,000
Bank overdraft000000000158,000524,000318,0001,164,000756,0000
Bank loan105,000335,0002,046,0003,667,0003,881,0003,684,0004,100,0002,708,0003,393,000000000
Trade Creditors 1,222,0003,620,0003,338,0002,683,0002,214,0002,639,0002,333,0003,010,0003,417,0002,587,0002,174,0002,125,0003,350,0002,591,0003,477,000
Group/Directors Accounts0000522,0000000000000
other short term finances0000000003,505,0002,598,0002,380,000600,00000
hp & lease commitments242,000233,000162,00015,00030,00026,00023,00020,0000395,000425,000520,000651,000645,000645,000
other current liabilities805,0001,113,0001,014,0001,643,0001,084,000884,000995,0001,075,000839,000479,000284,000854,000386,000307,000288,000
total current liabilities2,374,0005,301,0006,560,0008,008,0007,731,0007,233,0007,451,0006,813,0007,649,0007,124,0006,005,0006,197,0006,151,0004,299,0004,410,000
loans042,000395,000642,000624,0000332,000800,0001,491,0000333,0001,687,0002,420,0005,072,0005,729,000
hp & lease commitments919,0001,102,000994,00005,00035,00061,00084,0000295,000690,0001,122,0001,628,00002,829,000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions601,000674,000581,000346,000197,000207,000247,000251,000304,000347,000324,000298,000334,000709,000790,000
total long term liabilities1,520,0001,818,0001,970,000988,000826,000242,000640,0001,135,0001,795,000642,0001,347,0003,107,0004,382,0005,781,0009,348,000
total liabilities3,894,0007,119,0008,530,0008,996,0008,557,0007,475,0008,091,0007,948,0009,444,0007,766,0007,352,0009,304,00010,533,00010,080,00013,758,000
net assets16,409,00015,347,00012,530,0009,205,0007,629,0006,835,0006,101,0005,758,0005,180,0001,985,0001,902,0001,988,0001,825,0002,463,0002,768,000
total shareholders funds16,409,00015,347,00012,530,0009,205,0007,629,0006,835,0006,101,0005,758,0005,180,0001,985,0001,902,0001,988,0001,825,0002,463,0002,768,000
Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,527,0003,979,0004,727,0002,389,0001,555,0001,416,000838,0001,347,000358,000220,00059,000-34,000248,000794,000705,000
Depreciation486,000571,000484,000319,000319,000330,000375,000457,000694,000672,000669,000660,000628,000604,000574,000
Amortisation0000000000000115,00014,000
Tax-365,000-713,000-960,000-417,000-293,000-220,000-13,000-156,000-43,000-23,000-140,00036,000486,00081,000-160,000
Stock-458,000608,000863,000-44,000-453,000-657,000549,0002,764,000-52,000313,000-147,000-263,000-360,000-635,0004,045,000
Debtors-1,543,000621,0001,739,000533,0002,702,0001,078,000174,0008,482,0005,126,000714,000-1,550,000-124,000947,000650,0002,820,000
Creditors-2,116,000282,000655,000469,000-425,000306,000-677,0003,010,000830,000413,00049,000-1,225,000759,000-886,0003,477,000
Accruals and Deferred Income-209,00099,000-629,000559,000200,000-111,000-80,0001,075,000360,000195,000-570,000468,00079,00019,000288,000
Deferred Taxes & Provisions20,00093,000235,000149,000-10,000-40,000-4,000251,000-43,00023,00026,000-36,000-375,000-81,000790,000
Cash flow from operations1,344,0003,082,0001,910,0002,979,000-903,0001,260,000-284,000-5,262,000-2,918,000473,0001,790,000256,0001,238,000631,000-1,177,000
Investing Activities
capital expenditure-329,000-802,000-675,000-1,780,000-32,00042,000-217,000-2,793,000-61,000-142,000-328,00019,000-235,000-219,000-6,372,000
Change in Investments000000000000-379,000-2,800,0003,179,000
cash flow from investments-329,000-802,000-675,000-1,780,000-32,00042,000-217,000-2,793,000-61,000-142,000-328,00019,000144,0002,581,000-9,551,000
Financing Activities
Bank loans-1,941,000-1,711,000-1,621,000-214,000197,000-416,0001,392,0002,708,0003,393,000000000
Group/Directors Accounts000-522,000522,0000000000000
Other Short Term Loans 00000000-3,505,000907,000218,0001,780,000600,00000
Long term loans-395,000-353,000-247,00018,000624,000-332,000-468,000800,0001,491,000-333,000-1,354,000-733,000-2,652,000-657,0005,729,000
Hire Purchase and Lease Commitments5,000179,0001,141,000-20,000-26,000-23,000-20,000104,000-690,000-425,000-527,000-637,0001,634,000-2,829,0003,474,000
other long term liabilities000000000000000
share issue2,817,0000000005,180,0000000-192,00003,207,000
interest-70,000-136,000-129,000-83,000-155,000-142,000-154,000-203,000-124,000-115,000-37,000-112,000-802,000-1,112,000-984,000
cash flow from financing416,000-2,021,000-856,000-821,0001,162,000-913,000750,0008,589,000565,00034,000-1,700,000298,000-1,412,000-4,598,00011,426,000
cash and cash equivalents
cash1,401,000-54,00066,00065,000-86,00069,000-79,000124,000432,0000000-698,000698,000
overdraft00000000-158,000-366,000206,000-846,000408,000756,0000
change in cash1,401,000-54,00066,00065,000-86,00069,000-79,000124,000590,000366,000-206,000846,000-408,000-1,454,000698,000

siddall & hilton products limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Siddall & Hilton Products Limited Competitor Analysis

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Perform a competitor analysis for siddall & hilton products limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in HD6 area or any other competitors across 12 key performance metrics.

siddall & hilton products limited Ownership

SIDDALL & HILTON PRODUCTS LIMITED group structure

Siddall & Hilton Products Limited has no subsidiary companies.

Ultimate parent company

BLUE LAKE HOLDINGS BV

#0154803

2 parents

SIDDALL & HILTON PRODUCTS LIMITED

03460387

SIDDALL & HILTON PRODUCTS LIMITED Shareholders

blackfish enterprises ltd 100%

siddall & hilton products limited directors

Siddall & Hilton Products Limited currently has 4 directors. The longest serving directors include Ms Sally Brady (Jul 2021) and Mr Andrew Dawson (May 2023).

officercountryagestartendrole
Ms Sally BradyUnited Kingdom46 years Jul 2021- Director
Mr Andrew DawsonUnited Kingdom60 years May 2023- Director
Mr Morgan Beresford-LambertUnited Kingdom53 years May 2023- Director
Mr Darren KellyUnited Kingdom39 years Nov 2023- Director

P&L

December 2023

turnover

16.3m

-36%

operating profit

1.5m

-68%

gross margin

25.3%

+2.44%

turnover

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

Balance Sheet

December 2023

net assets

16.4m

+0.31%

total assets

20.3m

-0.04%

cash

1.6m

+8.81%

net assets

Total assets minus all liabilities

siddall & hilton products limited company details

company number

03460387

Type

Private limited with Share Capital

industry

25930 - Manufacture of wire products, chain and springs

incorporation date

November 1997

age

27

incorporated

UK

ultimate parent company

BLUE LAKE HOLDINGS BV

accounts

Full Accounts

last accounts submitted

December 2023

previous names

siddall & hilton building products and springs limited (April 1998)

bilanmill limited (December 1997)

accountant

-

auditor

RSM UK AUDIT LLP

address

siddall & hilton products limite, birds royd lane, brighouse, west yorkshire, HD6 1LT

Bank

BARCLAYS BANK PLC

Legal Advisor

CLARION SOLISITORS LIMITED

siddall & hilton products 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 13 charges/mortgages relating to siddall & hilton products limited. Currently there are 4 open charges and 9 have been satisfied in the past.

siddall & hilton products 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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siddall & hilton products limited Companies House Filings - See Documents

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