wintwire limited
wintwire limited Company Information
Company Number
04250311
Website
www.wintwire.co.ukRegistered Address
unit 3 oxspring wiremills, oxspring, sheffield, south yorkshire, S36 8YW
Industry
Cold drawing of wire
Telephone
01226763081
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
wintwire holdings limited 55%
benjamin turner 25%
View Allwintwire limited Estimated Valuation
Pomanda estimates the enterprise value of WINTWIRE LIMITED at £1.6m based on a Turnover of £5m and 0.33x industry multiple (adjusted for size and gross margin).
wintwire limited Estimated Valuation
Pomanda estimates the enterprise value of WINTWIRE LIMITED at £1.4m based on an EBITDA of £387k and a 3.69x industry multiple (adjusted for size and gross margin).
wintwire limited Estimated Valuation
Pomanda estimates the enterprise value of WINTWIRE LIMITED at £1.3m based on Net Assets of £1.1m and 1.23x industry multiple (adjusted for liquidity).
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Wintwire Limited Overview
Wintwire Limited is a live company located in sheffield, S36 8YW with a Companies House number of 04250311. It operates in the cold drawing of wire sector, SIC Code 24340. Founded in July 2001, it's largest shareholder is wintwire holdings limited with a 55% stake. Wintwire Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with declining growth in recent years.
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Wintwire Limited Health Check
Pomanda's financial health check has awarded Wintwire Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £5m, make it smaller than the average company (£22.1m)
- Wintwire Limited
£22.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (16.2%)
- Wintwire Limited
16.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Wintwire Limited
32.9% - Industry AVG
Profitability
an operating margin of 6% make it less profitable than the average company (14.1%)
- Wintwire Limited
14.1% - Industry AVG
Employees
with 25 employees, this is below the industry average (36)
25 - Wintwire Limited
36 - Industry AVG
Pay Structure
on an average salary of £65.6k, the company has an equivalent pay structure (£65.6k)
- Wintwire Limited
£65.6k - Industry AVG
Efficiency
resulting in sales per employee of £200.7k, this is less efficient (£543.8k)
- Wintwire Limited
£543.8k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (56 days)
- Wintwire Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is quicker than average (52 days)
- Wintwire Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is less than average (84 days)
- Wintwire Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is average cash available to meet short term requirements (39 weeks)
38 weeks - Wintwire Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65%, this is a higher level of debt than the average (28.5%)
65% - Wintwire Limited
28.5% - Industry AVG
WINTWIRE LIMITED financials
Wintwire Limited's latest turnover from May 2023 is estimated at £5 million and the company has net assets of £1.1 million. According to their latest financial statements, Wintwire Limited has 25 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 25 | 24 | 29 | 30 | 31 | 31 | 32 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 680,642 | 465,799 | 462,770 | 398,203 | 441,966 | 429,767 | 462,446 | 203,574 | 187,627 | 159,980 | 131,750 | 163,838 | 133,641 | 150,533 |
| Intangible Assets | 315,000 | 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 | 995,642 | 465,799 | 462,770 | 398,203 | 441,966 | 429,767 | 462,446 | 203,574 | 187,627 | 159,980 | 131,750 | 163,838 | 133,641 | 150,533 |
| Stock & work in progress | 582,306 | 265,946 | 316,390 | 301,033 | 305,926 | 332,422 | 303,081 | 319,885 | 238,846 | 252,224 | 296,203 | 329,680 | 343,951 | 202,359 |
| Trade Debtors | 233,519 | 344,558 | 162,742 | 332,229 | 417,460 | 460,575 | 521,704 | 534,336 | 474,790 | 526,262 | 381,406 | 524,151 | 362,175 | 330,573 |
| Group Debtors | 8,715 | 8,715 | 8,715 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 850 | 850 | 3,692 | 19,095 | 29,455 | 12,144 | 35,575 | 19,630 | 0 | 0 | 0 | 0 | 0 | 3,050 |
| Cash | 1,223,736 | 822,851 | 559,549 | 198,003 | 143,845 | 102,382 | 34,689 | 91,086 | 29,542 | 51,187 | 62,307 | 66,518 | 8,861 | 22,422 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,049,126 | 1,442,920 | 1,051,088 | 850,360 | 896,686 | 907,523 | 895,049 | 964,937 | 743,178 | 829,673 | 739,916 | 920,349 | 714,987 | 558,404 |
| total assets | 3,044,768 | 1,908,719 | 1,513,858 | 1,248,563 | 1,338,652 | 1,337,290 | 1,357,495 | 1,168,511 | 930,805 | 989,653 | 871,666 | 1,084,187 | 848,628 | 708,937 |
| Bank overdraft | 10,649 | 10,649 | 32,422 | 36,654 | 46,533 | 58,257 | 47,802 | 18,810 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 412,162 | 332,609 | 493,591 | 304,210 | 308,693 | 359,181 | 368,723 | 369,308 | 765,111 | 839,780 | 737,806 | 946,816 | 707,411 | 582,154 |
| 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 | 48,700 | 28,546 | 9,172 | 9,722 | 14,485 | 7,425 | 9,258 | 7,813 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,172,385 | 562,943 | 327,758 | 339,104 | 429,650 | 493,423 | 540,540 | 560,301 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,643,896 | 934,747 | 862,943 | 689,690 | 799,361 | 918,286 | 966,323 | 956,232 | 765,111 | 839,780 | 737,806 | 946,816 | 707,411 | 582,154 |
| loans | 21,851 | 31,851 | 42,014 | 24,436 | 61,090 | 108,794 | 162,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 134,813 | 31,908 | 13,132 | 22,338 | 32,095 | 5,865 | 13,290 | 23,993 | 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 | 43,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,495 | 13,952 | 0 | 5,283 | 30,861 | 51,788 |
| provisions | 134,768 | 102,223 | 75,140 | 60,490 | 65,927 | 60,070 | 55,101 | 31,665 | 27,041 | 19,320 | 11,544 | 14,721 | 11,636 | 13,295 |
| total long term liabilities | 335,182 | 165,982 | 130,286 | 107,264 | 159,112 | 174,729 | 230,493 | 55,658 | 37,536 | 33,272 | 11,544 | 20,004 | 42,497 | 65,083 |
| total liabilities | 1,979,078 | 1,100,729 | 993,229 | 796,954 | 958,473 | 1,093,015 | 1,196,816 | 1,011,890 | 802,647 | 873,052 | 749,350 | 966,820 | 749,908 | 647,237 |
| net assets | 1,065,690 | 807,990 | 520,629 | 451,609 | 380,179 | 244,275 | 160,679 | 156,621 | 128,158 | 116,601 | 122,316 | 117,367 | 98,720 | 61,700 |
| total shareholders funds | 1,065,690 | 807,990 | 520,629 | 451,609 | 380,179 | 244,275 | 160,679 | 156,621 | 128,158 | 116,601 | 122,316 | 117,367 | 98,720 | 61,700 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 85,551 | 61,293 | 56,400 | 46,575 | 47,461 | 52,702 | 62,311 | 46,482 | 38,429 | 28,321 | 25,853 | 30,766 | 30,111 | 25,484 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 316,360 | -50,444 | 15,357 | -4,893 | -26,496 | 29,341 | -16,804 | 81,039 | -13,378 | -43,979 | -33,477 | -14,271 | 141,592 | 202,359 |
| Debtors | -111,039 | 178,974 | -176,175 | -95,591 | -25,804 | -84,560 | 3,313 | 79,176 | -51,472 | 144,856 | -142,745 | 161,976 | 28,552 | 333,623 |
| Creditors | 79,553 | -160,982 | 189,381 | -4,483 | -50,488 | -9,542 | -585 | -395,803 | -74,669 | 101,974 | -209,010 | 239,405 | 125,257 | 582,154 |
| Accruals and Deferred Income | 609,442 | 235,185 | -11,346 | -90,546 | -63,773 | -47,117 | -19,761 | 560,301 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 32,545 | 27,083 | 14,650 | -5,437 | 5,857 | 4,969 | 23,436 | 4,624 | 7,721 | 7,776 | -3,177 | 3,085 | -1,659 | 13,295 |
| Cash flow from operations | ||||||||||||||
| 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 | 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 | -10,000 | -10,163 | 17,578 | -36,654 | -47,704 | -53,308 | 162,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 123,059 | 38,150 | -9,756 | -14,520 | 33,290 | -9,258 | -9,258 | 31,806 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 43,750 | 0 | 0 | 0 | 0 | 0 | 0 | -10,495 | -3,457 | 13,952 | -5,283 | -25,578 | -20,927 | 51,788 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 400,885 | 263,302 | 361,546 | 54,158 | 41,463 | 67,693 | -56,397 | 61,544 | -21,645 | -11,120 | -4,211 | 57,657 | -13,561 | 22,422 |
| overdraft | 0 | -21,773 | -4,232 | -9,879 | -11,724 | 10,455 | 28,992 | 18,810 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 400,885 | 285,075 | 365,778 | 64,037 | 53,187 | 57,238 | -85,389 | 42,734 | -21,645 | -11,120 | -4,211 | 57,657 | -13,561 | 22,422 |
wintwire limited Credit Report and Business Information
Wintwire Limited Competitor Analysis
Perform a competitor analysis for wintwire limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in S36 area or any other competitors across 12 key performance metrics.
wintwire limited Ownership
WINTWIRE LIMITED group structure
Wintwire Limited has no subsidiary companies.
Ultimate parent company
WINTWIRE LIMITED
04250311
wintwire limited directors
Wintwire Limited currently has 2 directors. The longest serving directors include Mr Benjamin Turner (Jul 2014) and Mr Christopher Mosley (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Turner | 35 years | Jul 2014 | - | Director | |
| Mr Christopher Mosley | 55 years | Apr 2017 | - | Director |
P&L
May 2023turnover
5m
+15%
operating profit
301.5k
0%
gross margin
32.9%
+3.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.1m
+0.32%
total assets
3m
+0.6%
cash
1.2m
+0.49%
net assets
Total assets minus all liabilities
Similar Companies
wintwire limited company details
company number
04250311
Type
Private limited with Share Capital
industry
24340 - Cold drawing of wire
incorporation date
July 2001
age
23
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
winterbottom (wiredrawers) limited (March 2003)
readco 302 limited (September 2001)
last accounts submitted
May 2023
address
unit 3 oxspring wiremills, oxspring, sheffield, south yorkshire, S36 8YW
accountant
HEWSON & HOWSON
auditor
-
wintwire 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 3 charges/mortgages relating to wintwire limited. Currently there are 2 open charges and 1 have been satisfied in the past.
wintwire limited Companies House Filings - See Documents
| date | description | view/download |
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