Barnes Plastic Welding Equipment Limited

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barnes plastic welding equipment limited Company Information

Live

MatureSmallDeclining

Company Number

03542853

Website

http://plasticweldingequipment.co.uk

Registered Address

unit 11 hamilton street, blackburn, lancashire, BB2 4AJ

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01254660910

Next Accounts Due

January 2025

Group Structure

View All

Directors

Mark Barnes25 Years

Shareholders

bpwe (holdings) limited 100%

barnes plastic welding equipment limited Estimated Valuation

£183.4k

Pomanda estimates the enterprise value of BARNES PLASTIC WELDING EQUIPMENT LIMITED at £183.4k based on a Turnover of £640.4k and 0.29x industry multiple (adjusted for size and gross margin).

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Barnes Plastic Welding Equipment Limited is a live company located in lancashire, BB2 4AJ with a Companies House number of 03542853. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in April 1998, it's largest shareholder is bpwe (holdings) limited with a 100% stake. Barnes Plastic Welding Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £640.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Barnes Plastic Welding Equipment Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £640.4k, make it smaller than the average company (£14.3m)

Growth

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

EXPORT

Barnes Plastic Welding Equipment Limited's latest turnover from April 2023 is estimated at £640.4 thousand and the company has net assets of £313.1 thousand. According to their latest financial statements, Barnes Plastic Welding Equipment Limited has 5 employees and maintains cash reserves of £113.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	640,387	795,813	578,840	691,960	771,898	664,365	665,810	556,534	419,560	485,621	420,369	461,765	476,924	399,684
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	472,697	608,613	441,552	526,714	592,272	511,325	495,733	401,160	310,904	359,981	311,307	342,050	343,507	300,360
Gross Profit	167,691	187,199	137,288	165,246	179,626	153,040	170,077	155,374	108,656	125,640	109,062	119,715	133,417	99,323
Admin Expenses	164,741	157,008	96,248	216,280	131,019	90,637	150,392	145,908	109,625	97,305	89,728	97,826	74,572	-34,583
Operating Profit	2,950	30,191	41,040	-51,034	48,607	62,403	19,685	9,466	-969	28,335	19,334	21,889	58,845	133,906
Interest Payable	6,344	5,344	2,678	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,574	1,451	178	118	899	566	257	474	389	258	309	432	436	222
Pre-Tax Profit	2,180	26,299	38,541	-50,916	49,506	62,969	19,942	9,940	-580	28,592	19,643	22,321	59,281	134,128
Tax	-545	-4,997	-7,323	0	-9,406	-11,964	-3,789	-1,988	0	-6,004	-4,518	-5,357	-15,413	-37,556
Profit After Tax	1,635	21,302	31,218	-50,916	40,100	51,005	16,153	7,952	-580	22,588	15,125	16,964	43,868	96,572
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,635	21,302	31,218	-50,916	40,100	51,005	16,153	7,952	-580	22,588	15,125	16,964	43,868	96,572
Employee Costs	238,477	229,033	221,686	258,971	252,679	257,081	244,973	246,630	77,982	73,212	74,930	76,836	75,229	71,256
Number Of Employees	5	5	5	6	6	6	6	6	2	2	2	2	2	2
EBITDA*	21,056	42,329	54,599	-37,822	62,020	70,518	31,204	23,094	12,057	39,563	31,613	31,819	67,840	141,761

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	81,459	40,366	50,831	59,372	59,001	49,722	44,423	48,562	60,515	52,356	55,628	59,358	37,728	14,634
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	81,459	40,366	50,831	59,372	59,001	49,722	44,423	48,562	60,515	52,356	55,628	59,358	37,728	14,634
Stock & work in progress	200,133	210,714	206,770	192,475	190,152	162,431	136,166	106,801	106,455	126,487	108,008	98,348	97,542	61,626
Trade Debtors	48,032	71,085	38,437	33,970	43,653	42,782	9,184	28,185	49,639	64,142	57,303	39,492	66,342	44,150
Group Debtors	38,389	13,026	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,186	2,376	3,279	8,071	20,524	2,261	1,159	6,929	0	0	1,610	29,855	0	0
Cash	113,256	149,051	237,919	118,798	117,945	121,713	104,795	100,931	88,612	66,901	36,251	87,468	85,459	88,849
misc current assets	0	0	0	0	0	0	570	0	0	0	0	0	0	0
total current assets	401,996	446,252	486,405	353,314	372,274	329,187	251,874	242,846	244,706	257,530	203,172	255,163	249,343	194,625
total assets	483,455	486,618	537,236	412,686	431,275	378,909	296,297	291,408	305,221	309,886	258,800	314,521	287,071	209,259
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	17,273	17,273	17,273	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,873	30,495	3,327	9,498	21,486	15,497	0	18,552	81,869	95,984	66,710	131,773	130,889	105,856
Group/Directors Accounts	0	0	64,487	60,000	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
hp & lease commitments	6,248	6,966	6,966	6,966	5,880	7,694	10,510	7,596	0	0	0	0	0	0
other current liabilities	55,964	43,820	53,260	42,887	61,502	60,282	51,006	44,046	0	0	0	0	0	0
total current liabilities	84,358	98,554	145,313	119,351	88,868	83,473	61,516	70,194	81,869	95,984	66,710	131,773	130,889	105,856
loans	35,984	53,257	70,530	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	44,759	20,473	27,438	34,404	32,560	25,689	16,039	18,625	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	28,551	17,853	16,038	21,741	15,642	6,731
provisions	5,268	2,883	3,806	0	0	0	0	0	164	832	3,423	3,503	0	0
total long term liabilities	86,011	76,613	101,774	34,404	32,560	25,689	16,039	18,625	28,715	18,685	19,461	25,244	15,642	6,731
total liabilities	170,369	175,167	247,087	153,755	121,428	109,162	77,555	88,819	110,584	114,669	86,171	157,017	146,531	112,587
net assets	313,086	311,451	290,149	258,931	309,847	269,747	218,742	202,589	194,637	195,217	172,629	157,504	140,540	96,672
total shareholders funds	313,086	311,451	290,149	258,931	309,847	269,747	218,742	202,589	194,637	195,217	172,629	157,504	140,540	96,672

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	2,950	30,191	41,040	-51,034	48,607	62,403	19,685	9,466	-969	28,335	19,334	21,889	58,845	133,906
Depreciation	18,106	12,138	13,559	13,212	13,413	8,115	11,519	13,628	13,026	11,228	12,279	9,930	8,995	7,855
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-545	-4,997	-7,323	0	-9,406	-11,964	-3,789	-1,988	0	-6,004	-4,518	-5,357	-15,413	-37,556
Stock	-10,581	3,944	14,295	2,323	27,721	26,265	29,365	346	-20,032	18,479	9,660	806	35,916	61,626
Debtors	2,120	44,771	-325	-22,136	19,134	34,700	-24,771	-14,525	-14,503	5,229	-10,434	3,005	22,192	44,150
Creditors	-25,622	27,168	-6,171	-11,988	5,989	15,497	-18,552	-63,317	-14,115	29,274	-65,063	884	25,033	105,856
Accruals and Deferred Income	12,144	-9,440	10,373	-18,615	1,220	9,276	6,960	44,046	0	0	0	0	0	0
Deferred Taxes & Provisions	2,385	-923	3,806	0	0	0	0	-164	-668	-2,591	-80	3,503	0	0
Cash flow from operations	17,879	5,422	41,314	-48,612	12,968	22,362	11,229	15,850	31,809	36,534	-37,274	27,038	19,352	104,285
Investing Activities
capital expenditure	-59,199	-1,673	-5,018	-13,583	-22,692	-13,414	-7,380	-1,675	-21,185	-7,956	-8,549	-31,560	-32,089	-22,489
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-59,199	-1,673	-5,018	-13,583	-22,692	-13,414	-7,380	-1,675	-21,185	-7,956	-8,549	-31,560	-32,089	-22,489
Financing Activities
Bank loans	0	0	17,273	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-64,487	4,487	60,000	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
Long term loans	-17,273	-17,273	70,530	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	23,568	-6,965	-6,966	2,930	5,057	6,834	328	26,221	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-28,551	10,698	1,815	-5,703	6,099	8,911	6,731
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-770	-3,893	-2,500	118	899	566	257	474	389	258	309	432	436	222
cash flow from financing	5,525	-92,618	82,824	63,048	5,956	7,400	585	-1,856	11,087	2,073	-5,394	6,531	9,347	7,053
cash and cash equivalents
cash	-35,795	-88,868	119,121	853	-3,768	16,918	3,864	12,319	21,711	30,650	-51,217	2,009	-3,390	88,849
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-35,795	-88,868	119,121	853	-3,768	16,918	3,864	12,319	21,711	30,650	-51,217	2,009	-3,390	88,849

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BARNES PLASTIC WELDING EQUIPMENT LIMITED group structure

Barnes Plastic Welding Equipment Limited has no subsidiary companies.

Ultimate parent company

BARNES PLASTIC WELDING EQUIPMENT LIMITED

03542853

BARNES PLASTIC WELDING EQUIPMENT LIMITED Shareholders

bpwe (holdings) limited

100%

Barnes Plastic Welding Equipment Limited currently has 1 director, Mr Mark Barnes serving since Apr 1999.

officer	country	age	start	end	role
Mr Mark Barnes		56 years	Apr 1999	-	Director

P&L

April 2023

turnover

640.4k

-20%

operating profit

gross margin

26.2%

+11.32%

turnover

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

Balance Sheet

April 2023

net assets

313.1k

+0.01%

total assets

483.5k

-0.01%

cash

113.3k

-0.24%

net assets

Total assets minus all liabilities

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company number

03542853

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

April 1998

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

unit 11 hamilton street, blackburn, lancashire, BB2 4AJ

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barnes plastic welding equipment limited Company Information

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barnes plastic welding equipment limited Estimated Valuation

barnes plastic welding equipment limited Estimated Valuation

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