Weldrite (midlands) Ltd

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weldrite (midlands) ltd Company Information

Live

MatureMidHealthy

Company Number

03841522

Website

www.weldriteltd.com

Registered Address

6 parkside court greenhough road, lichfield, staffordshire, WS13 7AU

Industry

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Telephone

441902497473

Next Accounts Due

June 2024

Group Structure

View All

Directors

Vijay Patel24 Years

Viran Patel7 Years

Shareholders

vijay patel 25%

sushila patel 25%

View All

weldrite (midlands) ltd Estimated Valuation

£313.8k - £1.9m

The estimated valuation range for weldrite (midlands) ltd, derived from financial data as of September 2022 and the most recent industry multiples, is between £313.8k to £1.9m

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

Weldrite (midlands) Ltd AI Business Plan

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Weldrite (midlands) Ltd is a live company located in staffordshire, WS13 7AU with a Companies House number of 03841522. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in September 1999, it's largest shareholder is vijay patel with a 25% stake. Weldrite (midlands) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Weldrite (Midlands) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£13.9m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (1.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELDRITE (MIDLANDS) LTD group structure

Weldrite (Midlands) Ltd has no subsidiary companies.

Ultimate parent company

WELDRITE (MIDLANDS) LTD

03841522

WELDRITE (MIDLANDS) LTD Shareholders

vijay patel	25%
sushila patel	25%
gemma patel	25%
viran patel	25%

Weldrite (Midlands) Ltd currently has 2 directors. The longest serving directors include Mr Vijay Patel (Sep 1999) and Mr Viran Patel (Sep 2016).

officer	country	age	start	end	role
Mr Vijay Patel	England	61 years	Sep 1999	-	Director
Mr Viran Patel	England	34 years	Sep 2016	-	Director

EXPORT

Weldrite (Midlands) Ltd's latest turnover from September 2022 is estimated at £5.3 million and the company has net assets of £648.5 thousand. According to their latest financial statements, Weldrite (Midlands) Ltd has 28 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	5,260,554	4,953,457	3,755,976	3,718,138	4,368,966	4,001,219	3,921,761	2,905,218	873,321	1,132,896	68,402	61,588	627,147	725,093
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,019,034	4,051,497	3,020,562	3,013,479	3,564,008	3,155,889	3,110,181	2,231,567	667,501	832,231	32,080	28,178	288,371	385,493
Gross Profit	1,241,519	901,960	735,415	704,659	804,958	845,330	811,580	673,651	205,820	300,665	36,322	33,410	338,776	339,600
Admin Expenses	1,161,387	845,134	626,068	611,522	857,238	775,630	797,226	602,358	265,582	360,378	36,232	33,753	62,539	242,571
Operating Profit	80,132	56,826	109,347	93,137	-52,280	69,700	14,354	71,293	-59,762	-59,713	90	-343	276,237	97,029
Interest Payable	20,802	21,502	30,444	36,007	29,412	21,451	10,545	0	0	0	46	0	0	0
Interest Receivable	0	0	0	0	137	102	74	71	125	189	400	25	6,159	3,738
Pre-Tax Profit	59,330	35,323	78,902	57,130	-81,555	48,351	3,883	71,364	-59,637	-59,524	1,353	2,036	282,396	100,767
Tax	-11,273	-6,711	-14,991	-10,855	0	-9,187	-776	-14,273	0	0	-223	-590	-45,637	-21,553
Profit After Tax	48,057	28,612	63,911	46,275	-81,555	39,164	3,106	57,091	-59,637	-59,524	1,130	1,446	236,759	79,214
Dividends Paid	0	0	0	0	0	0	0	0	0	0	11,000	70,000	280,000	120,000
Retained Profit	48,057	28,612	63,911	46,275	-81,555	39,164	3,106	57,091	-59,637	-59,524	-9,870	-68,554	-43,241	-40,786
Employee Costs	1,045,740	1,031,462	861,782	845,590	708,179	666,349	1,109,147	792,999	191,322	258,563	0	12,100	103,485	179,650
Number Of Employees	28	28	24	24	22	21	34	24	6	9	1	1	6	0
EBITDA*	95,243	63,939	116,025	98,796	-44,885	69,700	16,673	71,550	-59,191	-58,951	1,105	1,011	278,042	99,697

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	226,471	185,303	119,916	95,197	93,891	96,070	65,123	1,456	1,713	2,284	3,046	4,061	5,415	7,220
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	226,471	185,303	119,916	95,197	93,891	96,070	65,123	1,456	1,713	2,284	3,046	4,061	5,415	7,220
Stock & work in progress	272,333	166,776	155,557	0	0	0	0	0	177	331	227	886	3,503	1,112
Trade Debtors	1,757,616	1,547,684	1,171,619	1,155,903	1,293,894	1,169,115	1,089,221	802,919	431,268	525,756	493,301	443,341	491,214	122,846
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	9,478	0	0	0	0	0	0	0	0	0	6,530	0	0
Cash	0	0	0	0	0	36,535	44,909	14,205	14,205	35,825	39,822	61,615	134,418	565,935
misc current assets	0	0	0	0	0	0	0	0	0	793	27,502	56,998	57,443	221,428
total current assets	2,029,949	1,723,938	1,327,176	1,155,903	1,293,894	1,205,650	1,134,130	817,124	445,650	562,705	560,852	569,370	686,578	911,321
total assets	2,256,420	1,909,241	1,447,092	1,251,100	1,387,785	1,301,720	1,199,253	818,580	447,363	564,989	563,898	573,431	691,993	918,541
Bank overdraft	253,094	251,208	453,790	544,390	522,496	348,985	0	0	0	0	0	0	0	81,215
Bank loan	0	0	0	0	0	0	337,455	0	0	0	0	0	0	0
Trade Creditors	1,198,294	975,978	334,428	133,625	361,602	357,012	318,864	317,679	3,553	61,542	0	0	0	50,772
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	38,801
other short term finances	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	0	0	0	0	0	0
other current liabilities	156,561	81,641	87,072	65,194	42,071	52,552	38,927	0	0	0	927	590	50,598	63,117
total current liabilities	1,607,949	1,308,827	875,290	743,209	926,169	758,549	695,246	317,679	3,553	61,542	927	590	50,598	233,905
loans	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,607,949	1,308,827	875,290	743,209	926,169	758,549	695,246	317,679	3,553	61,542	927	590	50,598	233,905
net assets	648,471	600,414	571,802	507,891	461,616	543,171	504,007	500,901	443,810	503,447	562,971	572,841	641,395	684,636
total shareholders funds	648,471	600,414	571,802	507,891	461,616	543,171	504,007	500,901	443,810	503,447	562,971	572,841	641,395	684,636

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	80,132	56,826	109,347	93,137	-52,280	69,700	14,354	71,293	-59,762	-59,713	90	-343	276,237	97,029
Depreciation	15,111	7,113	6,678	5,659	7,395	0	2,319	257	571	762	1,015	1,354	1,805	2,668
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,273	-6,711	-14,991	-10,855	0	-9,187	-776	-14,273	0	0	-223	-590	-45,637	-21,553
Stock	105,557	11,219	155,557	0	0	0	0	-177	-154	104	-659	-2,617	2,391	1,112
Debtors	200,454	385,543	15,716	-137,991	124,779	79,894	286,302	371,651	-94,488	32,455	43,430	-41,343	368,368	122,846
Creditors	222,316	641,550	200,803	-227,977	4,590	38,148	1,185	314,126	-57,989	61,542	0	0	-50,772	50,772
Accruals and Deferred Income	74,920	-5,431	21,878	23,123	-10,481	13,625	38,927	0	0	-927	337	-50,008	-12,519	63,117
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	75,195	296,585	152,442	21,078	-175,555	32,392	-230,293	-71	-22,538	-30,895	-41,552	-5,627	-201,645	68,075
Investing Activities
capital expenditure	-56,279	-72,500	-31,397	-6,965	-5,216	-30,947	-65,986	0	0	0	0	0	0	-9,888
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-56,279	-72,500	-31,397	-6,965	-5,216	-30,947	-65,986	0	0	0	0	0	0	-9,888
Financing Activities
Bank loans	0	0	0	0	0	-337,455	337,455	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	-38,801	38,801
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	725,422
interest	-20,802	-21,502	-30,444	-36,007	-29,275	-21,349	-10,471	71	125	189	354	25	6,159	3,738
cash flow from financing	-20,802	-21,502	-30,444	-36,007	-29,275	-358,804	326,984	71	125	189	354	25	-32,642	767,961
cash and cash equivalents
cash	0	0	0	0	-36,535	-8,374	30,704	0	-21,620	-3,997	-21,793	-72,803	-431,517	565,935
overdraft	1,886	-202,582	-90,600	21,894	173,511	348,985	0	0	0	0	0	0	-81,215	81,215
change in cash	-1,886	202,582	90,600	-21,894	-210,046	-357,359	30,704	0	-21,620	-3,997	-21,793	-72,803	-350,302	484,720

P&L

September 2022

turnover

5.3m

+6%

operating profit

80.1k

gross margin

23.7%

+29.61%

turnover

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

Balance Sheet

September 2022

net assets

648.5k

+0.08%

total assets

2.3m

+0.18%

cash

net assets

Total assets minus all liabilities

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company number

03841522

Type

Private limited with Share Capital

industry

24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

incorporation date

September 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

6 parkside court greenhough road, lichfield, staffordshire, WS13 7AU

last accounts submitted

September 2022

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.

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weldrite (midlands) ltd Company Information

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weldrite (midlands) ltd Estimated Valuation

weldrite (midlands) ltd Estimated Valuation

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