Workblades & Formers Ltd

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workblades & formers ltd Company Information

Live

MatureSmallDeclining

Company Number

04165512

Website

www.workblades.co.uk

Registered Address

unit 8 boulton industrial centre, icknield street, birmingham, B18 5AU

Industry

Manufacture of other machine tools

Telephone

01216872441

Next Accounts Due

December 2024

Group Structure

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Directors

Jaspal Nijjar20 Years

Surinder Aggarwal20 Years

Shareholders

jaspal singh nijjar 33.6%

surinder kumar 33.6%

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workblades & formers ltd Estimated Valuation

£586k

Pomanda estimates the enterprise value of WORKBLADES & FORMERS LTD at £586k based on Net Assets of £288.1k and 2.03x industry multiple (adjusted for liquidity).

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Workblades & Formers Ltd is a live company located in birmingham, B18 5AU with a Companies House number of 04165512. It operates in the manufacture of other machine tools sector, SIC Code 28490. Founded in February 2001, it's largest shareholder is jaspal singh nijjar with a 33.6% stake. Workblades & Formers Ltd is a mature, small sized company, Pomanda has estimated its turnover at £875.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Workblades & Formers Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £875.1k, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (-1.9%)

EXPORT

Workblades & Formers Ltd's latest turnover from March 2023 is estimated at £875.1 thousand and the company has net assets of £288.1 thousand. According to their latest financial statements, Workblades & Formers Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	875,127	989,147	840,906	1,081,662	1,404,376	1,656,565	1,151,202	790,318	1,391,596	762,310	608,564	559,228	411,979	481,146
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	645,032	757,014	657,500	863,755	1,101,197	1,302,695	892,198	604,629	1,078,280	582,128	476,522	415,565	312,287	353,962
Gross Profit	230,094	232,133	183,406	217,906	303,178	353,871	259,004	185,689	313,317	180,181	132,042	143,663	99,692	127,184
Admin Expenses	176,579	220,374	230,822	248,100	270,126	263,950	253,933	154,515	293,148	142,510	102,873	89,986	54,139	66,783
Operating Profit	53,515	11,759	-47,416	-30,194	33,052	89,921	5,071	31,174	20,169	37,671	29,169	53,677	45,553	60,401
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	72	144	207	351	284	240	121	20
Pre-Tax Profit	53,515	11,759	-47,416	-30,194	33,052	89,921	5,143	31,318	20,376	38,022	29,453	53,918	45,674	60,421
Tax	-10,168	-2,234	0	0	-6,280	-17,085	-1,028	-6,263	-4,279	-8,745	-7,069	-14,019	-12,789	-16,918
Profit After Tax	43,347	9,525	-47,416	-30,194	26,772	72,836	4,114	25,054	16,097	29,277	22,384	39,899	32,885	43,503
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	43,347	9,525	-47,416	-30,194	26,772	72,836	4,114	25,054	16,097	29,277	22,384	39,899	32,885	43,503
Employee Costs	258,204	249,700	242,477	261,980	205,103	265,595	219,731	133,835	208,533	120,510	117,910	74,120	68,503	89,158
Number Of Employees	5	5	5	5	4	6	5	3	5	3	3	2	2	3
EBITDA*	53,515	11,759	-47,416	-30,194	33,052	89,921	5,071	31,174	20,169	47,614	36,875	59,596	49,020	63,637

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	31,153	31,285	43,025	55,610	28,040	37,370	42,848	38,702	36,745	41,940	29,555	25,105	16,025	12,177
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	31,153	31,285	43,025	55,610	28,040	37,370	42,848	38,702	36,745	41,940	29,555	25,105	16,025	12,177
Stock & work in progress	0	0	0	0	0	0	0	41,962	0	31,632	13,322	12,111	4,500	4,500
Trade Debtors	364,346	353,282	276,797	349,180	423,429	401,195	371,488	266,965	339,907	243,011	229,677	222,114	179,076	150,948
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,567	10,179	10,532	10,511	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	57,505	0	82,736	57,743	55,684	40,499	7,923
misc current assets	0	0	0	0	9,870	7,337	4,236	5,157	3,485	0	0	0	2,525	0
total current assets	370,913	363,461	287,329	359,691	433,299	408,532	375,724	371,589	343,392	357,379	300,742	289,909	226,600	163,371
total assets	402,066	394,746	330,354	415,301	461,339	445,902	418,572	410,291	380,137	399,319	330,297	315,014	242,625	175,548
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	104,567	138,607	84,441	118,695	135,207	0	192,831	194,073	0	214,633	177,535	194,878	123,331	131,042
Group/Directors Accounts	0	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	104,567	138,607	84,441	118,695	135,207	0	192,831	194,073	0	214,633	177,535	194,878	123,331	131,042
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	5,093	6,904	4,132	5,197	8,254	5,971	4,382	7,119	8,354	0	0	0	41,078	0
other liabilities	0	0	0	0	0	147,026	0	0	181,021	0	0	0	0	0
provisions	4,323	4,499	6,570	8,782	5,057	6,856	8,146	0	6,717	7,618	4,971	3,846	1,825	1,000
total long term liabilities	9,416	11,403	10,702	13,979	13,311	159,853	12,528	7,119	196,092	7,618	4,971	3,846	42,903	1,000
total liabilities	113,983	150,010	95,143	132,674	148,518	159,853	205,359	201,192	196,092	222,251	182,506	198,724	166,234	132,042
net assets	288,083	244,736	235,211	282,627	312,821	286,049	213,213	209,099	184,045	177,068	147,791	116,290	76,391	43,506
total shareholders funds	288,083	244,736	235,211	282,627	312,821	286,049	213,213	209,099	184,045	177,068	147,791	116,290	76,391	43,506

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	53,515	11,759	-47,416	-30,194	33,052	89,921	5,071	31,174	20,169	37,671	29,169	53,677	45,553	60,401
Depreciation	0	0	0	0	0	0	0	0	0	9,943	7,706	5,919	3,467	3,236
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-10,168	-2,234	0	0	-6,280	-17,085	-1,028	-6,263	-4,279	-8,745	-7,069	-14,019	-12,789	-16,918
Stock	0	0	0	0	0	0	-41,962	41,962	-31,632	18,310	1,211	7,611	0	4,500
Debtors	7,452	76,132	-72,362	-63,738	22,234	29,707	104,523	-72,942	96,896	13,334	7,563	43,038	28,128	150,948
Creditors	-34,040	54,166	-34,254	-16,512	135,207	-192,831	-1,242	194,073	-214,633	37,098	-17,343	71,547	-7,711	131,042
Accruals and Deferred Income	-1,811	2,772	-1,065	-3,057	2,283	1,589	-2,737	-1,235	8,354	0	0	-41,078	41,078	0
Deferred Taxes & Provisions	-176	-2,071	-2,212	3,725	-1,799	-1,290	8,146	-6,717	-901	2,647	1,125	2,021	825	1,000
Cash flow from operations	-132	-11,740	-12,585	17,700	140,229	-149,403	-54,351	242,012	-256,554	46,970	4,814	27,418	42,295	23,313
Investing Activities
capital expenditure	132	11,740	12,585	-27,570	9,330	5,478	-4,146	-1,957	5,195	-22,328	-12,156	-14,999	-7,315	-15,413
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	132	11,740	12,585	-27,570	9,330	5,478	-4,146	-1,957	5,195	-22,328	-12,156	-14,999	-7,315	-15,413
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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
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	-147,026	147,026	0	-181,021	181,021	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-9,120	0	9,117	0	0	3
interest	0	0	0	0	0	0	72	144	207	351	284	240	121	20
cash flow from financing	0	0	0	0	-147,026	147,026	72	-180,877	172,108	351	9,401	240	121	23
cash and cash equivalents
cash	0	0	0	0	0	0	-57,505	57,505	-82,736	24,993	2,059	15,185	32,576	7,923
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-57,505	57,505	-82,736	24,993	2,059	15,185	32,576	7,923

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for workblades & formers ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in B18 area or any other competitors across 12 key performance metrics.

WORKBLADES & FORMERS LTD group structure

Workblades & Formers Ltd has no subsidiary companies.

Ultimate parent company

WORKBLADES & FORMERS LTD

04165512

WORKBLADES & FORMERS LTD Shareholders

jaspal singh nijjar	33.55%
surinder kumar	33.55%
jaspal nijjar	10.96%
surinder kumar aggarwal	10.96%
baljinder nijjar	5.48%
uma gupta	5.48%

Workblades & Formers Ltd currently has 2 directors. The longest serving directors include Mr Jaspal Nijjar (Jul 2004) and Mr Surinder Aggarwal (Jul 2004).

officer	country	age	start	end	role
Mr Jaspal Nijjar		56 years	Jul 2004	-	Director
Mr Surinder Aggarwal		66 years	Jul 2004	-	Director

P&L

March 2023

turnover

875.1k

-12%

operating profit

53.5k

gross margin

26.3%

+12.04%

turnover

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

Balance Sheet

March 2023

net assets

288.1k

+0.18%

total assets

402.1k

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

04165512

Type

Private limited with Share Capital

industry

28490 - Manufacture of other machine tools

incorporation date

February 2001

ultimate parent company

None

previous names

N/A

address

unit 8 boulton industrial centre, icknield street, birmingham, B18 5AU

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 did not find charges/mortgages relating to workblades & formers ltd.

workblades & formers ltd Company Information

workblades & formers ltd Estimated Valuation

workblades & formers ltd Estimated Valuation

workblades & formers ltd Estimated Valuation

Workblades & Formers Ltd Overview

Workblades & Formers Ltd Health Check

WORKBLADES & FORMERS LTD financials

workblades & formers ltd Credit Report and Business Information

Workblades & Formers Ltd Competitor Analysis

workblades & formers ltd Ownership

workblades & formers ltd directors

workblades & formers ltd company details

workblades & formers ltd Charges & Mortgages

workblades & formers ltd Companies House Filings - See Documents