abel magnets limited

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abel magnets limited Company Information

Share ABEL MAGNETS LIMITED

Company Number

03671776

Directors

Paul Satinoff

Mark Brookes

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Shareholders

mark brookes

john alan brookes

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Group Structure

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Industry

Other manufacturing n.e.c.

 

Registered Address

c/o henry bramall & co ltd, unit 8, acorn business park, sheffield, S8 0TB

abel magnets limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of ABEL MAGNETS LIMITED at £1.3m based on a Turnover of £1.9m and 0.68x industry multiple (adjusted for size and gross margin).

abel magnets limited Estimated Valuation

£145.7k

Pomanda estimates the enterprise value of ABEL MAGNETS LIMITED at £145.7k based on an EBITDA of £31.9k and a 4.57x industry multiple (adjusted for size and gross margin).

abel magnets limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of ABEL MAGNETS LIMITED at £2.6m based on Net Assets of £1.2m and 2.14x industry multiple (adjusted for liquidity).

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Abel Magnets Limited Overview

Abel Magnets Limited is a live company located in sheffield, S8 0TB with a Companies House number of 03671776. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 1998, it's largest shareholder is mark brookes with a 46.7% stake. Abel Magnets Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.

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Abel Magnets Limited Health Check

Pomanda's financial health check has awarded Abel Magnets Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.9m, make it smaller than the average company (£13.7m)

£1.9m - Abel Magnets Limited

£13.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.6%)

18% - Abel Magnets Limited

8.6% - Industry AVG

production

Production

with a gross margin of 30.4%, this company has a comparable cost of product (30.4%)

30.4% - Abel Magnets Limited

30.4% - Industry AVG

profitability

Profitability

an operating margin of 1% make it less profitable than the average company (6.6%)

1% - Abel Magnets Limited

6.6% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (70)

9 - Abel Magnets Limited

70 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)

£42.3k - Abel Magnets Limited

£42.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £213.3k, this is more efficient (£175.5k)

£213.3k - Abel Magnets Limited

£175.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 87 days, this is later than average (53 days)

87 days - Abel Magnets Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (42 days)

29 days - Abel Magnets Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 109 days, this is more than average (66 days)

109 days - Abel Magnets Limited

66 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 103 weeks, this is more cash available to meet short term requirements (14 weeks)

103 weeks - Abel Magnets Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.2%, this is a lower level of debt than the average (46.5%)

20.2% - Abel Magnets Limited

46.5% - Industry AVG

ABEL MAGNETS LIMITED financials

EXPORTms excel logo

Abel Magnets Limited's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Abel Magnets Limited has 9 employees and maintains cash reserves of £591.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,919,9991,506,6821,614,9941,181,7951,022,7771,089,504853,966969,0111,805,1421,533,1541,484,1161,226,5151,573,9661,571,3461,548,583
Other Income Or Grants
Cost Of Sales1,335,8771,056,6681,133,050847,127721,148756,264587,915655,0891,221,0221,046,8081,004,773834,4301,061,9251,058,6921,039,664
Gross Profit584,122450,014481,944334,669301,630333,241266,051313,922584,120486,346479,344392,085512,041512,654508,920
Admin Expenses565,636404,696336,734185,847233,090308,812266,272316,540634,914606,585542,598432,612525,339541,753-1,039,105
Operating Profit18,48645,318145,210148,82268,54024,429-221-2,618-50,794-120,239-63,254-40,527-13,298-29,0991,548,025
Interest Payable
Interest Receivable30,19226,8545,3476465363,8322,4931,1092,3682,5992,6502,6162,4522,6431,417
Pre-Tax Profit48,67972,173150,557149,46869,07528,2622,272-1,509-48,426-117,640-60,604-37,911-10,846-26,4561,549,442
Tax-12,170-13,713-28,606-28,399-13,124-5,370-432-433,844
Profit After Tax36,50958,460121,951121,06955,95122,8921,840-1,509-48,426-117,640-60,604-37,911-10,846-26,4561,115,598
Dividends Paid
Retained Profit36,50958,460121,951121,06955,95122,8921,840-1,509-48,426-117,640-60,604-37,911-10,846-26,4561,115,598
Employee Costs380,347359,737343,921293,159293,142288,543244,826236,707463,787360,018347,608314,714376,795396,189414,147
Number Of Employees9998887714111110121314
EBITDA*31,85957,191150,033152,56773,08336,93915,26016,286-30,311-93,616-35,195-14,75511,797-1,0811,568,946

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets57,34055,71353,59117,81221,55726,10035,34043,87162,77683,25897,656107,79092,090104,254117,935
Intangible Assets6,00012,00018,00024,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets57,34055,71353,59117,81221,55726,10035,34043,87162,77683,258103,656119,790110,090128,254117,935
Stock & work in progress400,996445,464284,651263,049243,081249,316212,064251,372238,410221,604189,704199,244229,382237,428202,434
Trade Debtors461,335346,287413,609267,173217,774234,432184,275213,096377,903298,841355,648281,745387,241379,816372,772
Group Debtors
Misc Debtors33,69127,56020,64517,30018,03617,73013,99813,185
Cash591,547558,634705,104720,684570,639500,586521,362475,761411,691535,535504,087555,871490,443490,421566,818
misc current assets
total current assets1,487,5691,377,9451,424,0091,268,2061,049,5301,002,064931,699953,4141,028,0041,055,9801,049,4391,036,8601,107,0661,107,6651,142,024
total assets1,544,9091,433,6581,477,6001,286,0181,071,0871,028,164967,039997,2851,090,7801,139,2381,153,0951,156,6501,217,1561,235,9191,259,959
Bank overdraft
Bank loan
Trade Creditors 106,42942,811107,93864,11441,09569,51039,86858,954272,906271,463167,448109,423132,527138,381135,415
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities191,035177,338212,034205,946134,967119,183110,194123,764
total current liabilities297,464220,149319,972270,060176,062188,693150,062182,718272,906271,463167,448109,423132,527138,381135,415
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities10,63213,13015,408
provisions3,9354,0104,3111365339313612,1593,6343,8664,8424,3336,3966,946
total long term liabilities14,56717,14019,7191365339313612,1593,6343,8664,8424,3336,3966,946
total liabilities312,031237,289339,691270,060176,198189,226150,993183,079275,065275,097171,314114,265136,860144,777142,361
net assets1,232,8781,196,3691,137,9091,015,958894,889838,938816,046814,206815,715864,141981,7811,042,3851,080,2961,091,1421,117,598
total shareholders funds1,232,8781,196,3691,137,9091,015,958894,889838,938816,046814,206815,715864,141981,7811,042,3851,080,2961,091,1421,117,598
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit18,48645,318145,210148,82268,54024,429-221-2,618-50,794-120,239-63,254-40,527-13,298-29,0991,548,025
Depreciation13,37311,8734,8233,7454,54312,51015,48118,90420,48320,62322,05919,77219,09521,97120,921
Amortisation6,0006,0006,0006,0006,047
Tax-12,170-13,713-28,606-28,399-13,124-5,370-432-433,844
Stock-44,468160,81321,60219,968-6,23537,252-39,30812,96216,80631,900-9,540-30,138-8,04634,994202,434
Debtors121,179-60,407149,78148,663-16,35253,889-28,008-151,62279,062-56,80773,903-105,4967,4257,044372,772
Creditors63,618-65,12743,82423,019-28,41529,642-19,086-213,9521,443104,01558,025-23,104-5,8542,966135,415
Accruals and Deferred Income13,697-34,6966,08870,97915,7848,989-13,570123,764
Deferred Taxes & Provisions-75-3014,311-136-397-398570-1,798-1,475-232-976509-2,063-5506,946
Cash flow from operations20,218-157,0524,267149,39969,518-21,33950,05862,960-126,21135,074-42,50998,2844,501-40,703702,257
Investing Activities
capital expenditure-15,000-13,995-40,602-3,270-6,9501-1-6,225-11,925-35,472-6,931-38,337-138,856
Change in Investments
cash flow from investments-15,000-13,995-40,602-3,270-6,9501-1-6,225-11,925-35,472-6,931-38,337-138,856
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-2,498-2,27815,408
share issue2,000
interest30,19226,8545,3476465363,8322,4931,1092,3682,5992,6502,6162,4522,6431,417
cash flow from financing27,69424,57620,7556465363,8322,4931,1092,3682,5992,6502,6162,4522,6433,417
cash and cash equivalents
cash32,913-146,470-15,580150,04570,053-20,77645,60164,070-123,84431,448-51,78465,42822-76,397566,818
overdraft
change in cash32,913-146,470-15,580150,04570,053-20,77645,60164,070-123,84431,448-51,78465,42822-76,397566,818

abel magnets limited 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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Abel Magnets Limited Competitor Analysis

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Perform a competitor analysis for abel magnets limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in S 8 area or any other competitors across 12 key performance metrics.

abel magnets limited Ownership

ABEL MAGNETS LIMITED group structure

Abel Magnets Limited has no subsidiary companies.

Ultimate parent company

ABEL MAGNETS LIMITED

03671776

ABEL MAGNETS LIMITED Shareholders

mark brookes 46.67%
john alan brookes 20%
michael vessey 15%
david vessey 15%
john lucius arthur cary 1.67%
joanna pamela cary 1.67%

abel magnets limited directors

Abel Magnets Limited currently has 4 directors. The longest serving directors include Mr Paul Satinoff (Nov 1998) and Mr Mark Brookes (Jun 1999).

officercountryagestartendrole
Mr Paul SatinoffEngland79 years Nov 1998- Director
Mr Mark BrookesEngland51 years Jun 1999- Director
Mr John BrookesEngland79 years Jul 2003- Director
Mr Nathan DodsworthEngland56 years Jun 2021- Director

P&L

March 2024

turnover

1.9m

+27%

operating profit

18.5k

0%

gross margin

30.5%

+1.86%

turnover

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

Balance Sheet

March 2024

net assets

1.2m

+0.03%

total assets

1.5m

+0.08%

cash

591.5k

+0.06%

net assets

Total assets minus all liabilities

abel magnets limited company details

company number

03671776

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 1998

age

27

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

HENRY BRAMALL & CO LIMITED

auditor

-

address

c/o henry bramall & co ltd, unit 8, acorn business park, sheffield, S8 0TB

Bank

BARCLAYS BANK PLC

Legal Advisor

-

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

abel magnets 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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abel magnets limited Companies House Filings - See Documents

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