United Industrial Converters Limited

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united industrial converters limited Company Information

Live

MatureMidLow

Company Number

03607671

Website

http://unicon.co.uk

Registered Address

enfield works mucklow hill, halesowen, west midlands, B62 8DL

Industry

Other manufacturing n.e.c.

Telephone

01215856144

Next Accounts Due

April 2025

Group Structure

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Directors

Kenneth Strong25 Years

Alan Jones25 Years

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Shareholders

gary cooper 29.3%

kenneth strong 29.3%

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united industrial converters limited Estimated Valuation

£584.3k - £4m

The estimated valuation range for united industrial converters limited, derived from financial data as of July 2023 and the most recent industry multiples, is between £584.3k to £4m

Get a detailed valuation report, edit figures and unlock valuation multiples.

United Industrial Converters Limited AI Business Plan

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United Industrial Converters Limited is a live company located in west midlands, B62 8DL with a Companies House number of 03607671. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 1998, it's largest shareholder is gary cooper with a 29.3% stake. United Industrial Converters Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with low growth in recent years.

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Pomanda's financial health check has awarded United Industrial Converters Limited a 3 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 Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £5.4m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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UNITED INDUSTRIAL CONVERTERS LIMITED group structure

United Industrial Converters Limited has 1 subsidiary company.

Ultimate parent company

UNITED INDUSTRIAL CONVERTERS LIMITED

03607671

1 subsidiary

UNITED INDUSTRIAL PACKAGING LIMITED

11061656

UNITED INDUSTRIAL CONVERTERS LIMITED Shareholders

gary cooper	29.33%
kenneth strong	29.33%
alan wayne jones	29.33%
wendy rowley	12%

United Industrial Converters Limited currently has 4 directors. The longest serving directors include Mr Kenneth Strong (Jul 1998) and Mr Alan Jones (Jul 1998).

officer	country	age	start	end	role
Mr Kenneth Strong		71 years	Jul 1998	-	Director
Mr Alan Jones		57 years	Jul 1998	-	Director
Mr Gary Cooper	England	55 years	Apr 1999	-	Director
Ms Wendy Rowley-White	England	53 years	Sep 2012	-	Director

EXPORT

United Industrial Converters Limited's latest turnover from July 2023 is estimated at £5.4 million and the company has net assets of £695.4 thousand. According to their latest financial statements, United Industrial Converters Limited has 45 employees and maintains cash reserves of £482.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,400,535	4,729,531	5,325,167	4,945,060	4,540,688	4,579,161	4,641,559	3,934,412	3,336,273	3,436,152	2,963,281	2,745,461	2,507,488	2,010,450	1,727,923
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,826,116	3,304,955	3,813,483	3,500,228	3,128,709	3,223,079	3,275,846	2,688,964	2,319,566	2,453,788	2,127,081	1,978,943	1,725,472	1,397,983	1,178,099
Gross Profit	1,574,420	1,424,576	1,511,684	1,444,832	1,411,979	1,356,082	1,365,713	1,245,448	1,016,707	982,364	836,200	766,518	782,016	612,467	549,824
Admin Expenses	1,527,675	1,400,372	1,414,491	1,039,831	1,000,210	987,253	989,824	852,771	746,256	745,708	650,807	745,733	731,820	585,027	533,311
Operating Profit	46,745	24,204	97,193	405,001	411,769	368,829	375,889	392,677	270,451	236,656	185,393	20,785	50,196	27,440	16,513
Interest Payable	4,491	3,685	2,999	4,414	12,048	11,835	12,457	12,203	12,602	12,357	12,012	10,995	9,802	8,488	7,063
Interest Receivable	27,564	8,296	603	317	75	43	32	47	96	49	18	59	52	16	212
Pre-Tax Profit	69,817	28,815	94,796	400,904	399,796	357,037	363,464	380,521	257,945	224,348	173,399	9,849	40,446	18,968	9,662
Tax	-17,454	-5,475	-18,011	-76,172	-59,484	-53,329	-66,812	-73,264	-35,676	-32,939	-40,678	-8,094	-12,636	-7,958	-4,943
Profit After Tax	52,363	23,340	76,785	324,732	340,312	303,708	296,652	307,257	222,269	191,409	132,721	1,755	27,810	11,010	4,719
Dividends Paid	0	0	0	0	302,648	236,413	304,950	261,073	188,796	182,046	134,184	0	34,903	3,960	12,060
Retained Profit	52,363	23,340	76,785	324,732	37,664	67,295	-8,298	46,184	33,473	9,363	-1,463	1,755	-7,093	7,050	-7,341
Employee Costs	1,830,146	1,698,278	1,992,401	1,785,690	1,720,542	1,437,236	1,283,879	1,129,969	750,472	796,612	450,445	588,526	561,300	449,735	385,014
Number Of Employees	45	44	54	49	48	41	38	34	23	25	30	29	26	23	22
EBITDA*	115,481	81,491	161,283	460,997	482,751	451,913	467,822	476,499	345,448	297,415	244,146	74,983	103,855	66,934	51,980

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	249,990	243,139	264,694	205,398	284,661	349,781	380,988	380,115	366,310	266,589	207,608	194,093	206,393	180,850	153,196
Intangible Assets	0	0	0	0	0	0	0	0	0	0	2,333	4,667	0	0	0
Investments & Other	0	0	55	80	80	80	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	249,990	243,139	264,749	205,478	284,741	349,861	380,988	380,115	366,310	266,589	209,941	198,760	206,393	180,850	153,196
Stock & work in progress	51,575	42,895	55,681	43,578	38,040	35,450	37,252	31,534	32,256	35,842	30,626	49,354	45,730	39,917	38,301
Trade Debtors	1,069,691	875,900	975,443	985,676	939,238	1,007,094	1,053,227	888,863	773,091	761,400	773,777	630,079	664,973	455,094	382,247
Group Debtors	0	0	0	34,053	5,947	50,122	0	0	0	0	0	0	0	0	0
Misc Debtors	13,308	58,049	10,977	8,997	33,717	31,415	35,893	21,044	8,716	8,124	5,332	17,258	6,079	6,259	25,409
Cash	482,304	620,254	707,117	497,889	135,197	120,983	80,940	110,908	50,861	40,095	24,035	30,132	50,097	55,116	20,435
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,616,878	1,597,098	1,749,218	1,570,193	1,152,139	1,245,064	1,207,312	1,052,349	864,924	845,461	833,770	726,823	766,879	556,386	466,392
total assets	1,866,868	1,840,237	2,013,967	1,775,671	1,436,880	1,594,925	1,588,300	1,432,464	1,231,234	1,112,050	1,043,711	925,583	973,272	737,236	619,588
Bank overdraft	10,000	24,995	10,000	1,000	94,722	57,400	48,114	129	107,451	181,016	74,313	60,596	21,556	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	757,923	786,071	922,688	630,714	735,241	922,500	972,859	834,646	659,191	639,720	683,687	569,689	564,357	407,246	316,186
Group/Directors Accounts	0	0	3,098	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	60,815	39,584	40,140	47,894	54,341	41,898	28,541
other current liabilities	313,882	297,592	341,417	500,570	288,414	319,442	278,312	287,084	155,142	99,580	118,515	115,907	78,129	45,624	43,908
total current liabilities	1,081,805	1,108,658	1,277,203	1,132,284	1,118,377	1,299,342	1,299,285	1,121,859	982,599	959,900	916,655	794,086	718,383	494,768	388,635
loans	18,333	28,333	38,333	49,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	77,316	85,956	82,913	67,634	66,586	49,987	47,002
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	26,768	22,747	38,452	24,168	64,641	77,185	137,362	147,454	51,752	0	0	0	0	0	0
provisions	44,530	37,430	40,250	27,275	35,650	37,850	38,400	41,600	44,200	24,300	11,612	14,300	15,495	12,580	11,100
total long term liabilities	89,631	88,510	117,035	100,443	100,291	115,035	175,762	189,054	173,268	110,256	94,525	81,934	82,081	62,567	58,102
total liabilities	1,171,436	1,197,168	1,394,238	1,232,727	1,218,668	1,414,377	1,475,047	1,310,913	1,155,867	1,070,156	1,011,180	876,020	800,464	557,335	446,737
net assets	695,432	643,069	619,729	542,944	218,212	180,548	113,253	121,551	75,367	41,894	32,531	49,563	172,808	179,901	172,851
total shareholders funds	695,432	643,069	619,729	542,944	218,212	180,548	113,253	121,551	75,367	41,894	32,531	49,563	172,808	179,901	172,851

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	46,745	24,204	97,193	405,001	411,769	368,829	375,889	392,677	270,451	236,656	185,393	20,785	50,196	27,440	16,513
Depreciation	68,736	57,287	64,090	55,996	70,982	83,084	91,933	83,822	74,997	58,426	56,419	51,865	53,659	39,494	35,467
Amortisation	0	0	0	0	0	0	0	0	0	2,333	2,334	2,333	0	0	0
Tax	-17,454	-5,475	-18,011	-76,172	-59,484	-53,329	-66,812	-73,264	-35,676	-32,939	-40,678	-8,094	-12,636	-7,958	-4,943
Stock	8,680	-12,786	12,103	5,538	2,590	-1,802	5,718	-722	-3,586	5,216	-18,728	3,624	5,813	1,616	38,301
Debtors	149,050	-52,471	-42,306	49,824	-109,729	-489	179,213	128,100	12,283	-9,585	131,772	-23,715	209,699	53,697	407,656
Creditors	-28,148	-136,617	291,974	-104,527	-187,259	-50,359	138,213	175,455	19,471	-43,967	113,998	5,332	157,111	91,060	316,186
Accruals and Deferred Income	16,290	-43,825	-159,153	212,156	-31,028	41,130	-8,772	131,942	55,562	-18,935	2,608	37,778	32,505	1,716	43,908
Deferred Taxes & Provisions	7,100	-2,820	12,975	-8,375	-2,200	-550	-3,200	-2,600	19,900	12,688	-2,688	-1,195	2,915	1,480	11,100
Cash flow from operations	-64,461	-41,989	319,271	428,717	309,919	391,096	342,320	580,654	396,008	218,631	204,342	128,895	68,238	97,919	-27,726
Investing Activities
capital expenditure	-75,587	-35,732	-123,386	23,267	-5,862	-51,877	-92,806	-97,627	-174,718	-117,407	-69,934	-46,565	-79,202	-67,148	-188,663
Change in Investments	0	-55	-25	0	0	80	0	0	0	0	0	0	0	0	0
cash flow from investments	-75,587	-35,677	-123,361	23,267	-5,862	-51,957	-92,806	-97,627	-174,718	-117,407	-69,934	-46,565	-79,202	-67,148	-188,663
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-3,098	3,098	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	-10,000	-10,000	-10,667	49,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-138,131	12,591	2,487	7,525	-5,399	29,042	16,342	75,543
other long term liabilities	4,021	-15,705	14,284	-40,473	-12,544	-60,177	-10,092	95,702	51,752	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	-15,569	-125,000	0	0	180,192
interest	23,073	4,611	-2,396	-4,097	-11,973	-11,792	-12,425	-12,156	-12,506	-12,308	-11,994	-10,936	-9,750	-8,472	-6,851
cash flow from financing	17,094	-24,192	4,319	4,430	-24,517	-71,969	-22,517	-54,585	51,837	-9,821	-20,038	-141,335	19,292	7,870	248,884
cash and cash equivalents
cash	-137,950	-86,863	209,228	362,692	14,214	40,043	-29,968	60,047	10,766	16,060	-6,097	-19,965	-5,019	34,681	20,435
overdraft	-14,995	14,995	9,000	-93,722	37,322	9,286	47,985	-107,322	-73,565	106,703	13,717	39,040	21,556	0	0
change in cash	-122,955	-101,858	200,228	456,414	-23,108	30,757	-77,953	167,369	84,331	-90,643	-19,814	-59,005	-26,575	34,681	20,435

P&L

July 2023

turnover

5.4m

+14%

operating profit

46.7k

gross margin

29.2%

-3.21%

turnover

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

Balance Sheet

July 2023

net assets

695.4k

+0.08%

total assets

1.9m

+0.01%

cash

482.3k

-0.22%

net assets

Total assets minus all liabilities

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4.5

company number

03607671

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

July 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

united industrial convertors limited (September 1998)

incorporated

address

enfield works mucklow hill, halesowen, west midlands, B62 8DL

last accounts submitted

July 2023

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 1 charges/mortgages relating to united industrial converters limited. Currently there are 1 open charges and 0 have been satisfied in the past.

united industrial converters limited Company Information

united industrial converters limited Estimated Valuation

united industrial converters limited Estimated Valuation

united industrial converters limited Estimated Valuation

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UNITED INDUSTRIAL CONVERTERS LIMITED financials

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