osbit limited
osbit limited Company Information
Company Number
04091038
Next Accounts
Sep 2025
Shareholders
venterra limited
Group Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
+1Registered Address
broomhaugh house broomhaugh, riding mill, northumberland, NE44 6AW
Website
www.osbit.comosbit limited Estimated Valuation
Pomanda estimates the enterprise value of OSBIT LIMITED at £23.9m based on a Turnover of £31.3m and 0.77x industry multiple (adjusted for size and gross margin).
osbit limited Estimated Valuation
Pomanda estimates the enterprise value of OSBIT LIMITED at £16.4m based on an EBITDA of £2.8m and a 5.86x industry multiple (adjusted for size and gross margin).
osbit limited Estimated Valuation
Pomanda estimates the enterprise value of OSBIT LIMITED at £15.9m based on Net Assets of £7.5m and 2.11x industry multiple (adjusted for liquidity).
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Osbit Limited Overview
Osbit Limited is a live company located in northumberland, NE44 6AW with a Companies House number of 04091038. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2000, it's largest shareholder is venterra limited with a 100% stake. Osbit Limited is a mature, large sized company, Pomanda has estimated its turnover at £31.3m with high growth in recent years.
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Osbit Limited Health Check
Pomanda's financial health check has awarded Osbit Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £31.3m, make it larger than the average company (£13.6m)
£31.3m - Osbit Limited
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (6.7%)
24% - Osbit Limited
6.7% - Industry AVG
Production
with a gross margin of 19%, this company has a higher cost of product (30%)
19% - Osbit Limited
30% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (6.1%)
8% - Osbit Limited
6.1% - Industry AVG
Employees
with 141 employees, this is above the industry average (73)
141 - Osbit Limited
73 - Industry AVG
Pay Structure
on an average salary of £59.2k, the company has a higher pay structure (£46.6k)
£59.2k - Osbit Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £221.9k, this is more efficient (£178.2k)
£221.9k - Osbit Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (58 days)
111 days - Osbit Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (43 days)
53 days - Osbit Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Osbit Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)
5 weeks - Osbit Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.2%, this is a higher level of debt than the average (47%)
56.2% - Osbit Limited
47% - Industry AVG
OSBIT LIMITED financials
Osbit Limited's latest turnover from December 2023 is £31.3 million and the company has net assets of £7.5 million. According to their latest financial statements, Osbit Limited has 141 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 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 | 31,294,000 | 48,993,000 | 32,532,751 | 16,588,893 | 18,148,685 | 11,726,601 | 15,273,641 | 9,869,371 | 7,438,333 | 7,915,308 | 1,440,353 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 25,364,000 | 45,407,000 | 27,334,268 | 19,522,387 | 13,882,351 | 8,236,575 | 12,145,998 | 9,160,421 | 6,734,821 | 6,845,226 | 1,676,899 | ||||
| Gross Profit | 5,930,000 | 3,586,000 | 5,198,483 | -2,933,494 | 4,266,334 | 3,490,026 | 3,127,643 | 708,950 | 703,512 | 1,070,082 | -236,546 | ||||
| Admin Expenses | 3,431,000 | 5,157,000 | 5,292,503 | 3,065,418 | 2,974,840 | 2,601,758 | 2,141,362 | 434,453 | 306,537 | -108,762 | -175,777 | ||||
| Operating Profit | 2,499,000 | -1,571,000 | -94,020 | -5,998,912 | 1,291,494 | 888,268 | 986,281 | 274,497 | 396,975 | 1,178,844 | -60,769 | ||||
| Interest Payable | 302,000 | 298,000 | 128,050 | 0 | 0 | 0 | 0 | 0 | 20 | 1,807 | 64,267 | ||||
| Interest Receivable | 23,000 | 12,000 | 1,508 | 4,663 | 6,626 | 5,383 | 2,384 | 1,029 | 1,177 | 558 | 73 | ||||
| Pre-Tax Profit | 2,220,000 | -1,857,000 | -220,562 | -5,994,249 | 1,298,120 | 893,651 | 988,665 | 275,526 | 398,132 | 1,177,595 | -124,963 | ||||
| Tax | 2,174,000 | 0 | 2,082,764 | 1,343,574 | 367,716 | 260,249 | 335,611 | 555,463 | 688,485 | 264,598 | 146,458 | ||||
| Profit After Tax | 4,394,000 | -1,857,000 | 1,862,202 | -4,650,675 | 1,665,836 | 1,153,900 | 1,324,276 | 830,989 | 1,086,617 | 1,442,193 | 21,495 | ||||
| Dividends Paid | 0 | 0 | 0 | 345,965 | 260,000 | 700,000 | 250,000 | 510,000 | 86,693 | 442,172 | 0 | ||||
| Retained Profit | 4,394,000 | -1,857,000 | 1,862,202 | -4,996,640 | 1,405,836 | 453,900 | 1,074,276 | 320,989 | 999,924 | 1,000,021 | 21,495 | ||||
| Employee Costs | 8,353,000 | 9,725,000 | 7,063,586 | 4,506,651 | 3,779,835 | 2,955,838 | 2,814,752 | 1,911,545 | 1,853,318 | 1,513,836 | |||||
| Number Of Employees | 141 | 130 | 100 | 96 | 79 | 63 | 47 | 41 | 38 | 26 | |||||
| EBITDA* | 2,798,000 | -1,337,000 | 65,235 | -5,859,313 | 1,422,466 | 975,261 | 1,056,670 | 333,168 | 456,569 | 1,216,747 | -9,315 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 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 | 2,278,000 | 2,132,000 | 1,967,732 | 1,975,305 | 1,742,753 | 220,727 | 256,989 | 164,369 | 170,189 | 92,438 | 330,944 | 35,706 | 26,251 | 23,753 | 0 |
| Intangible Assets | 181,000 | 205,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,083 | 34,928 | 31,696 | 29,191 | 20,880 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,499,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,958,000 | 2,337,000 | 1,967,732 | 1,975,305 | 1,742,753 | 220,727 | 256,989 | 164,369 | 170,189 | 162,521 | 365,872 | 67,402 | 55,442 | 44,633 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,545,000 | 10,313,000 | 6,925,142 | 2,397,700 | 3,837,355 | 3,290,461 | 1,820,113 | 2,442,996 | 1,479,916 | 208,628 | 661,994 | 429,648 | 37,903 | 34,949 | 0 |
| Group Debtors | 236,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 809,000 | 1,716,000 | 6,046,909 | 4,033,347 | 4,129,687 | 480,932 | 1,312,823 | 1,007,796 | 694,640 | 1,515,507 | 208,828 | 0 | 0 | 0 | 0 |
| Cash | 1,037,000 | 3,235,000 | 1,709,137 | 5,775,917 | 2,356,765 | 3,119,257 | 3,057,605 | 305,816 | 2,413,209 | 1,943,108 | 102,151 | 120,866 | 15,350 | 5,769 | 0 |
| misc current assets | 1,585,000 | 431,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 13,212,000 | 15,695,000 | 14,681,188 | 12,206,964 | 10,323,807 | 6,890,650 | 6,190,541 | 3,756,608 | 4,587,765 | 3,667,243 | 972,973 | 550,514 | 53,253 | 40,718 | 0 |
| total assets | 17,170,000 | 18,032,000 | 16,648,920 | 14,182,269 | 12,066,560 | 7,111,377 | 6,447,530 | 3,920,977 | 4,757,954 | 3,829,764 | 1,338,845 | 617,916 | 108,695 | 85,351 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,730,000 | 9,602,000 | 3,324,388 | 3,629,599 | 1,119,786 | 1,761,686 | 1,341,932 | 894,480 | 1,021,905 | 209,331 | 148,204 | 183,340 | 28,260 | 125,786 | 0 |
| Group/Directors Accounts | 4,948,000 | 1,209,000 | 454,435 | 0 | 0 | 0 | 0 | 0 | 0 | 564,515 | 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 | 92,000 | 88,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 434,000 | 388,000 | 7,080,481 | 10,158,856 | 5,706,968 | 1,548,929 | 1,898,791 | 902,193 | 1,932,734 | 2,252,527 | 536,158 | 0 | 0 | 0 | 0 |
| total current liabilities | 9,204,000 | 11,287,000 | 11,459,304 | 13,788,455 | 6,826,754 | 3,310,615 | 3,240,723 | 1,796,673 | 2,954,639 | 3,026,373 | 684,362 | 183,340 | 28,260 | 125,786 | 0 |
| loans | 0 | 2,719,000 | 2,350,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 22,000 | 114,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 141,185 | 144,960 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 716,969 | 652,701 | 506,999 | 0 | 0 |
| provisions | 422,000 | 816,000 | 117,253 | 187,178 | 181,490 | 148,282 | 8,227 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 444,000 | 3,649,000 | 2,608,438 | 332,138 | 181,490 | 148,282 | 8,227 | 0 | 0 | 0 | 716,969 | 652,701 | 506,999 | 0 | 0 |
| total liabilities | 9,648,000 | 14,936,000 | 14,067,742 | 14,120,593 | 7,008,244 | 3,458,897 | 3,248,950 | 1,796,673 | 2,954,639 | 3,026,373 | 1,401,331 | 836,041 | 535,259 | 125,786 | 0 |
| net assets | 7,522,000 | 3,096,000 | 2,581,178 | 61,676 | 5,058,316 | 3,652,480 | 3,198,580 | 2,124,304 | 1,803,315 | 803,391 | -62,486 | -218,125 | -426,564 | -40,435 | 0 |
| total shareholders funds | 7,522,000 | 3,096,000 | 2,581,178 | 61,676 | 5,058,316 | 3,652,480 | 3,198,580 | 2,124,304 | 1,803,315 | 803,391 | -62,486 | -218,125 | -426,564 | -40,435 | 0 |
| Dec 2023 | Dec 2022 | Dec 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 | 2,499,000 | -1,571,000 | -94,020 | -5,998,912 | 1,291,494 | 888,268 | 986,281 | 274,497 | 396,975 | 1,178,844 | -60,769 | ||||
| Depreciation | 199,000 | 148,000 | 159,255 | 139,599 | 130,972 | 86,993 | 70,389 | 58,671 | 36,444 | 21,136 | 40,206 | 10,421 | 9,328 | 0 | |
| Amortisation | 100,000 | 86,000 | 0 | 0 | 0 | 0 | 0 | 0 | 23,150 | 16,767 | 11,248 | 8,115 | 6,539 | 0 | |
| Tax | 2,174,000 | 0 | 2,082,764 | 1,343,574 | 367,716 | 260,249 | 335,611 | 555,463 | 688,485 | 264,598 | 146,458 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 60,000 | -943,051 | 6,541,004 | -1,535,995 | 4,195,649 | 638,457 | -317,856 | 1,276,236 | 450,421 | 853,313 | 441,174 | 391,745 | 2,954 | 34,949 | 0 |
| Creditors | -5,872,000 | 6,277,612 | -305,211 | 2,509,813 | -641,900 | 419,754 | 447,452 | -127,425 | 812,574 | 61,127 | -35,136 | 155,080 | -97,526 | 125,786 | 0 |
| Accruals and Deferred Income | 46,000 | -6,833,666 | -3,082,150 | 4,596,848 | 4,158,039 | -349,862 | 996,598 | -1,030,541 | -319,793 | 1,716,369 | 536,158 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -394,000 | 698,747 | -69,925 | 5,688 | 33,208 | 140,055 | 8,227 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,308,000 | -251,256 | -7,850,291 | 4,132,605 | 1,143,880 | 807,000 | 3,162,414 | -1,545,571 | 1,187,414 | 2,405,528 | 196,991 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -52,851 | -67,262 | 165,448 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -52,851 | -67,262 | 165,448 | |||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -600,000 | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,739,000 | 754,565 | 454,435 | 0 | 0 | 0 | 0 | 0 | -564,515 | 564,515 | 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 | -2,719,000 | 369,000 | 2,350,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -88,000 | 202,000 | 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 | -716,969 | 64,268 | 145,702 | 506,999 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -279,000 | -286,000 | -126,542 | 4,663 | 6,626 | 5,383 | 2,384 | 1,029 | 1,157 | -1,249 | -64,194 | ||||
| cash flow from financing | 685,000 | 2,811,387 | 3,935,193 | 4,663 | 6,626 | 5,383 | 2,384 | 1,029 | -563,358 | -287,847 | 134,218 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,198,000 | 1,525,863 | -4,066,780 | 3,419,152 | -762,492 | 61,652 | 2,751,789 | -2,107,393 | 470,101 | 1,840,957 | -18,715 | 105,516 | 9,581 | 5,769 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,198,000 | 1,525,863 | -4,066,780 | 3,419,152 | -762,492 | 61,652 | 2,751,789 | -2,107,393 | 470,101 | 1,840,957 | -18,715 | 105,516 | 9,581 | 5,769 | 0 |
osbit limited Credit Report and Business Information
Osbit Limited Competitor Analysis
Perform a competitor analysis for osbit limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NE44 area or any other competitors across 12 key performance metrics.
osbit limited Ownership
OSBIT LIMITED group structure
Osbit Limited has no subsidiary companies.
Ultimate parent company
2 parents
OSBIT LIMITED
04091038
osbit limited directors
Osbit Limited currently has 4 directors. The longest serving directors include Mr Brendon Hayward (Aug 2010) and Mr Robbie Blakeman (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brendon Hayward | United Kingdom | 44 years | Aug 2010 | - | Director |
| Mr Robbie Blakeman | England | 48 years | Mar 2013 | - | Director |
| Mr Ivan Todd | 59 years | May 2021 | - | Director | |
| Mr Ivan Ronald | 52 years | Oct 2023 | - | Director |
P&L
December 2023turnover
31.3m
-36%
operating profit
2.5m
-259%
gross margin
19%
+158.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.5m
+1.43%
total assets
17.2m
-0.05%
cash
1m
-0.68%
net assets
Total assets minus all liabilities
osbit limited company details
company number
04091038
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
osbit power limited (April 2016)
o-power limited (October 2010)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
broomhaugh house broomhaugh, riding mill, northumberland, NE44 6AW
Bank
HSBC BANK PLC
Legal Advisor
-
osbit 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 5 charges/mortgages relating to osbit limited. Currently there are 4 open charges and 1 have been satisfied in the past.
osbit 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.
Click to start generating capital raising & share issue transactions for OSBIT LIMITED. This can take several minutes, an email will notify you when this has completed.
osbit limited Companies House Filings - See Documents
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