romtech limited
romtech limited Company Information
Company Number
03719493
Website
www.romtech.co.ukRegistered Address
building 58 castle works, east moors road, cardiff, south glamorgan, CF24 5NN
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
08700113610
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
royal bank of scotland plc 50%
rom group ltd 50%
romtech limited Estimated Valuation
Pomanda estimates the enterprise value of ROMTECH LIMITED at £90.2m based on a Turnover of £68.1m and 1.32x industry multiple (adjusted for size and gross margin).
romtech limited Estimated Valuation
Pomanda estimates the enterprise value of ROMTECH LIMITED at £15.5m based on an EBITDA of £1.6m and a 9.52x industry multiple (adjusted for size and gross margin).
romtech limited Estimated Valuation
Pomanda estimates the enterprise value of ROMTECH LIMITED at £0 based on Net Assets of £-6.3m and 2.19x industry multiple (adjusted for liquidity).
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Romtech Limited Overview
Romtech Limited is a live company located in cardiff, CF24 5NN with a Companies House number of 03719493. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 1999, it's largest shareholder is royal bank of scotland plc with a 50% stake. Romtech Limited is a mature, large sized company, Pomanda has estimated its turnover at £68.1m with high growth in recent years.
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Romtech Limited Health Check
Pomanda's financial health check has awarded Romtech Limited a 4 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
6 Strong
2 Regular
4 Weak
Size
annual sales of £68.1m, make it larger than the average company (£12.4m)
£68.1m - Romtech Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.9%)
24% - Romtech Limited
2.9% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (30.1%)
30.1% - Romtech Limited
30.1% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (6.4%)
2.2% - Romtech Limited
6.4% - Industry AVG
Employees
with 99 employees, this is above the industry average (76)
99 - Romtech Limited
76 - Industry AVG
Pay Structure
on an average salary of £45.2k, the company has an equivalent pay structure (£38.6k)
£45.2k - Romtech Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £688.3k, this is more efficient (£150.6k)
£688.3k - Romtech Limited
£150.6k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (63 days)
38 days - Romtech Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (50 days)
21 days - Romtech Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is less than average (76 days)
39 days - Romtech Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (13 weeks)
7 weeks - Romtech Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 137.7%, this is a higher level of debt than the average (47.5%)
137.7% - Romtech Limited
47.5% - Industry AVG
romtech limited Credit Report and Business Information
Romtech Limited Competitor Analysis
Perform a competitor analysis for romtech limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
romtech limited Ownership
ROMTECH LIMITED group structure
Romtech Limited has no subsidiary companies.
Ultimate parent company
CATALUNYA STEEL SL
#0054305
2 parents
ROMTECH LIMITED
03719493
romtech limited directors
Romtech Limited currently has 4 directors. The longest serving directors include Mr Alan Fort (May 2013) and Mr Murdoch McKillop (Jun 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Fort | 67 years | May 2013 | - | Director | |
| Mr Murdoch McKillop | 76 years | Jun 2013 | - | Director | |
| Mr Carles Rovira Caroz | 50 years | Jan 2022 | - | Director | |
| Miss Holly Arnold | 39 years | Sep 2023 | - | Director |
ROMTECH LIMITED financials
Romtech Limited's latest turnover from December 2022 is £68.1 million and the company has net assets of -£6.3 million. According to their latest financial statements, Romtech Limited has 99 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 68,143,000 | 52,926,000 | 30,713,000 | 35,729,000 | 36,310,000 | 35,695,000 | 32,820,000 | 31,229,000 | 35,862,000 | 37,241,000 | 43,889,000 | 56,321,000 | 32,838,000 | 27,758,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 35,140,000 | 34,116,000 | 29,121,000 | 27,832,000 | 31,697,000 | 33,232,000 | 39,062,000 | 51,136,000 | 29,019,000 | 23,025,000 | ||||
| Gross Profit | 1,170,000 | 1,579,000 | 3,699,000 | 3,397,000 | 4,165,000 | 4,009,000 | 4,827,000 | 5,185,000 | 3,819,000 | 4,733,000 | ||||
| Admin Expenses | 3,720,000 | 3,417,000 | 4,128,000 | 3,793,000 | 3,774,000 | 4,246,000 | 4,400,000 | 4,226,000 | 3,494,000 | 4,325,000 | ||||
| Operating Profit | 1,501,000 | -1,032,000 | -1,004,000 | -2,759,000 | -2,550,000 | -1,838,000 | -429,000 | -396,000 | 391,000 | -237,000 | 427,000 | 959,000 | 325,000 | 408,000 |
| Interest Payable | 248,000 | 147,000 | 132,000 | 244,000 | 238,000 | 160,000 | 171,000 | 278,000 | 419,000 | 531,000 | 493,000 | 555,000 | 254,000 | 138,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,253,000 | -1,179,000 | -1,136,000 | -3,003,000 | -2,788,000 | -1,998,000 | -600,000 | -674,000 | -28,000 | -768,000 | -66,000 | 139,000 | 39,000 | -234,000 |
| Tax | -251,000 | 231,000 | 222,000 | 570,000 | 531,000 | 384,000 | 117,000 | 134,000 | -4,000 | 179,000 | 3,000 | -37,000 | -29,000 | 23,000 |
| Profit After Tax | 1,002,000 | -948,000 | -914,000 | -2,433,000 | -2,257,000 | -1,614,000 | -483,000 | -540,000 | -32,000 | -589,000 | -63,000 | 102,000 | 10,000 | -211,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,002,000 | -948,000 | -914,000 | -2,433,000 | -2,257,000 | -1,614,000 | -483,000 | -540,000 | -32,000 | -589,000 | -63,000 | 102,000 | 10,000 | -211,000 |
| Employee Costs | 4,472,000 | 3,007,000 | 3,340,000 | 3,145,000 | 2,540,000 | 2,837,000 | 2,857,000 | 2,809,000 | 2,960,000 | 3,055,000 | 2,879,000 | 2,810,000 | 2,499,000 | 3,517,000 |
| Number Of Employees | 99 | 78 | 101 | 91 | 72 | 83 | 85 | 92 | 97 | 93 | 97 | 101 | 101 | 124 |
| EBITDA* | 1,629,000 | -937,000 | -886,000 | -2,658,000 | -2,417,000 | -1,704,000 | -242,000 | -153,000 | 635,000 | 10,000 | 690,000 | 1,297,000 | 677,000 | 753,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,077,000 | 853,000 | 521,000 | 465,000 | 566,000 | 242,000 | 374,000 | 531,000 | 666,000 | 896,000 | 1,084,000 | 1,320,000 | 1,559,000 | 1,625,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,000 | 96,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | 0 |
| Total Fixed Assets | 1,387,000 | 1,163,000 | 831,000 | 775,000 | 876,000 | 552,000 | 684,000 | 841,000 | 976,000 | 1,206,000 | 1,394,000 | 1,630,000 | 1,908,000 | 1,721,000 |
| Stock & work in progress | 5,097,000 | 5,565,000 | 2,783,000 | 2,600,000 | 2,877,000 | 3,294,000 | 2,221,000 | 2,131,000 | 3,638,000 | 2,688,000 | 3,974,000 | 4,290,000 | 2,714,000 | 2,650,000 |
| Trade Debtors | 7,219,000 | 8,135,000 | 4,721,000 | 4,699,000 | 5,904,000 | 6,147,000 | 4,893,000 | 4,906,000 | 6,295,000 | 6,957,000 | 6,943,000 | 7,060,000 | 5,311,000 | 5,059,000 |
| Group Debtors | 1,260,000 | 1,226,000 | 1,449,000 | 2,360,000 | 3,396,000 | 2,799,000 | 5,334,000 | 1,957,000 | 2,472,000 | 2,219,000 | 2,599,000 | 1,595,000 | 2,368,000 | 804,000 |
| Misc Debtors | 90,000 | 671,000 | 281,000 | 222,000 | 236,000 | 387,000 | 110,000 | 128,000 | 66,000 | 142,000 | 140,000 | 246,000 | 164,000 | 1,211,000 |
| Cash | 1,680,000 | 1,799,000 | 1,257,000 | 1,154,000 | 839,000 | 1,150,000 | 1,193,000 | 1,056,000 | 793,000 | 490,000 | 450,000 | 3,399,000 | 176,000 | 995,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,346,000 | 17,396,000 | 10,491,000 | 11,035,000 | 13,252,000 | 13,777,000 | 13,751,000 | 10,178,000 | 13,264,000 | 12,496,000 | 14,106,000 | 16,590,000 | 10,733,000 | 10,719,000 |
| total assets | 16,733,000 | 18,559,000 | 11,322,000 | 11,810,000 | 14,128,000 | 14,329,000 | 14,435,000 | 11,019,000 | 14,240,000 | 13,702,000 | 15,500,000 | 18,220,000 | 12,641,000 | 12,440,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,748,000 | 2,491,000 | 1,564,000 | 1,675,000 | 1,952,000 | 1,786,000 | 2,125,000 | 2,381,000 | 1,763,000 | 1,631,000 | 1,566,000 | 1,700,000 | 996,000 | 4,111,000 |
| Group/Directors Accounts | 8,792,000 | 20,367,000 | 14,395,000 | 10,279,000 | 9,203,000 | 8,283,000 | 7,687,000 | 2,769,000 | 3,697,000 | 2,984,000 | 4,187,000 | 5,794,000 | 3,258,000 | 266,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,824,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,000 |
| other current liabilities | 371,000 | 211,000 | 158,000 | 146,000 | 139,000 | 144,000 | 353,000 | 633,000 | 607,000 | 663,000 | 859,000 | 722,000 | 985,000 | 1,019,000 |
| total current liabilities | 11,911,000 | 23,069,000 | 16,117,000 | 12,100,000 | 11,294,000 | 10,213,000 | 10,165,000 | 5,783,000 | 6,067,000 | 5,278,000 | 6,612,000 | 8,216,000 | 5,239,000 | 9,252,000 |
| loans | 10,780,000 | 2,633,000 | 1,400,000 | 5,165,000 | 5,856,000 | 4,881,000 | 3,408,000 | 3,872,000 | 6,259,000 | 6,456,000 | 6,307,000 | 7,191,000 | 4,799,000 | 151,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 357,000 | 174,000 | 174,000 | 0 | 0 | 0 | 13,000 | 32,000 | 42,000 | 63,000 | 87,000 | 256,000 | 148,000 | 592,000 |
| total long term liabilities | 11,137,000 | 2,807,000 | 1,574,000 | 5,165,000 | 5,856,000 | 4,881,000 | 3,421,000 | 3,904,000 | 6,301,000 | 6,519,000 | 6,394,000 | 7,447,000 | 4,947,000 | 743,000 |
| total liabilities | 23,048,000 | 25,876,000 | 17,691,000 | 17,265,000 | 17,150,000 | 15,094,000 | 13,586,000 | 9,687,000 | 12,368,000 | 11,797,000 | 13,006,000 | 15,663,000 | 10,186,000 | 9,995,000 |
| net assets | -6,315,000 | -7,317,000 | -6,369,000 | -5,455,000 | -3,022,000 | -765,000 | 849,000 | 1,332,000 | 1,872,000 | 1,905,000 | 2,494,000 | 2,557,000 | 2,455,000 | 2,445,000 |
| total shareholders funds | -6,315,000 | -7,317,000 | -6,369,000 | -5,455,000 | -3,022,000 | -765,000 | 849,000 | 1,332,000 | 1,872,000 | 1,905,000 | 2,494,000 | 2,557,000 | 2,455,000 | 2,445,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,501,000 | -1,032,000 | -1,004,000 | -2,759,000 | -2,550,000 | -1,838,000 | -429,000 | -396,000 | 391,000 | -237,000 | 427,000 | 959,000 | 325,000 | 408,000 |
| Depreciation | 128,000 | 95,000 | 118,000 | 101,000 | 133,000 | 134,000 | 187,000 | 243,000 | 244,000 | 247,000 | 263,000 | 299,000 | 295,000 | 287,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,000 | 57,000 | 58,000 |
| Tax | -251,000 | 231,000 | 222,000 | 570,000 | 531,000 | 384,000 | 117,000 | 134,000 | -4,000 | 179,000 | 3,000 | -37,000 | -29,000 | 23,000 |
| Stock | -468,000 | 2,782,000 | 183,000 | -277,000 | -417,000 | 1,073,000 | 90,000 | -1,507,000 | 950,000 | -1,286,000 | -316,000 | 1,576,000 | 64,000 | 2,650,000 |
| Debtors | -1,463,000 | 3,581,000 | -830,000 | -2,255,000 | 203,000 | -1,004,000 | 3,346,000 | -1,842,000 | -485,000 | -364,000 | 781,000 | 1,058,000 | 1,079,000 | 7,074,000 |
| Creditors | 257,000 | 927,000 | -111,000 | -277,000 | 166,000 | -339,000 | -256,000 | 618,000 | 132,000 | 65,000 | -134,000 | 704,000 | -3,115,000 | 4,111,000 |
| Accruals and Deferred Income | 160,000 | 53,000 | 12,000 | 7,000 | -5,000 | -209,000 | -280,000 | 26,000 | -56,000 | -196,000 | 137,000 | -263,000 | -34,000 | 1,019,000 |
| Deferred Taxes & Provisions | 183,000 | 0 | 174,000 | 0 | 0 | -13,000 | -19,000 | -10,000 | -21,000 | -24,000 | -169,000 | 108,000 | -444,000 | 592,000 |
| Cash flow from operations | 3,909,000 | -6,089,000 | 58,000 | 174,000 | -1,511,000 | -1,950,000 | -4,116,000 | 3,964,000 | 221,000 | 1,684,000 | 62,000 | -825,000 | -4,088,000 | -3,226,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -11,575,000 | 5,972,000 | 4,116,000 | 1,076,000 | 920,000 | 596,000 | 4,918,000 | -928,000 | 713,000 | -1,203,000 | -1,607,000 | 2,536,000 | 2,992,000 | 266,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,824,000 | 3,824,000 |
| Long term loans | 8,147,000 | 1,233,000 | -3,765,000 | -691,000 | 975,000 | 1,473,000 | -464,000 | -2,387,000 | -197,000 | 149,000 | -884,000 | 2,392,000 | 4,648,000 | 151,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,000 | 32,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -248,000 | -147,000 | -132,000 | -244,000 | -238,000 | -160,000 | -171,000 | -278,000 | -419,000 | -531,000 | -493,000 | -555,000 | -254,000 | -138,000 |
| cash flow from financing | -3,676,000 | 7,058,000 | 219,000 | 141,000 | 1,657,000 | 1,909,000 | 4,283,000 | -3,593,000 | 96,000 | -1,585,000 | -2,984,000 | 4,373,000 | 3,530,000 | 6,791,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -119,000 | 542,000 | 103,000 | 315,000 | -311,000 | -43,000 | 137,000 | 263,000 | 303,000 | 40,000 | -2,949,000 | 3,223,000 | -819,000 | 995,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -119,000 | 542,000 | 103,000 | 315,000 | -311,000 | -43,000 | 137,000 | 263,000 | 303,000 | 40,000 | -2,949,000 | 3,223,000 | -819,000 | 995,000 |
P&L
December 2022turnover
68.1m
+29%
operating profit
1.5m
-245%
gross margin
30.1%
+1.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-6.3m
-0.14%
total assets
16.7m
-0.1%
cash
1.7m
-0.07%
net assets
Total assets minus all liabilities
romtech limited company details
company number
03719493
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
February 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
pinco 1187 limited (February 2000)
incorporated
UK
address
building 58 castle works, east moors road, cardiff, south glamorgan, CF24 5NN
last accounts submitted
December 2022
romtech 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 15 charges/mortgages relating to romtech limited. Currently there are 8 open charges and 7 have been satisfied in the past.
romtech limited Companies House Filings - See Documents
| date | description | view/download |
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