Pomanda estimates the enterprise value of STAINLESS CUTS & COILS LTD at £374.5k based on a Turnover of £1.1m and 0.35x industry multiple (adjusted for size and gross margin).
stainless cuts & coils ltdEstimated Valuation
£14.8k
Pomanda estimates the enterprise value of STAINLESS CUTS & COILS LTD at £14.8k based on an EBITDA of £4.7k and a 3.12x industry multiple (adjusted for size and gross margin).
stainless cuts & coils ltdEstimated Valuation
£83.4k
Pomanda estimates the enterprise value of STAINLESS CUTS & COILS LTD at £83.4k based on Net Assets of £59.4k and 1.4x industry multiple (adjusted for liquidity).
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Stainless Cuts & Coils LtdOverview
Stainless Cuts & Coils Ltd is a live company located in tipton, DY4 9AQ with a Companies House number of 04332454. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in November 2001, it's largest shareholder is
wayne thornton
with a 33.3% stake. Stainless Cuts & Coils Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£1.1m with
low
growth in recent years.
Pomanda's financial health check has awarded Stainless Cuts & Coils Ltd a 2 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 Rating2out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£17.6m)
£1.1m - Stainless Cuts & Coils Ltd
£17.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.3%)
2% - Stainless Cuts & Coils Ltd
5.3% - Industry AVG
Production
with a gross margin of 21%, this company has a comparable cost of product (21%)
21% - Stainless Cuts & Coils Ltd
21% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (5.5%)
0.4% - Stainless Cuts & Coils Ltd
5.5% - Industry AVG
Employees
with 9 employees, this is below the industry average (72)
9 - Stainless Cuts & Coils Ltd
72 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
£41.9k - Stainless Cuts & Coils Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £120.5k, this is less efficient (£204.1k)
£120.5k - Stainless Cuts & Coils Ltd
£204.1k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is near the average (69 days)
76 days - Stainless Cuts & Coils Ltd
69 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (45 days)
62 days - Stainless Cuts & Coils Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (85 days)
26 days - Stainless Cuts & Coils Ltd
85 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Stainless Cuts & Coils Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.8%, this is a higher level of debt than the average (48.5%)
80.8% - Stainless Cuts & Coils Ltd
48.5% - Industry AVG
STAINLESS CUTS & COILS LTD financials
EXPORT
Stainless Cuts & Coils Ltd's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £59.4 thousand. According to their latest financial statements, Stainless Cuts & Coils Ltd has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
1,084,415
952,311
1,124,490
1,019,807
1,162,901
1,101,955
1,106,589
1,178,758
799,789
1,143,246
928,363
903,818
1,027,322
1,106,664
Other Income Or Grants
Cost Of Sales
857,033
733,448
889,225
821,966
938,480
883,111
875,683
931,301
626,899
906,523
697,888
700,322
784,644
820,426
Gross Profit
227,382
218,863
235,264
197,842
224,420
218,844
230,906
247,456
172,889
236,723
230,475
203,495
242,678
286,238
Admin Expenses
223,360
207,346
246,367
251,906
245,250
248,836
222,805
234,090
161,710
186,935
208,267
202,713
219,908
254,016
-77,369
Operating Profit
4,022
11,517
-11,103
-54,064
-20,830
-29,992
8,101
13,366
11,179
49,788
22,208
782
22,770
32,222
77,369
Interest Payable
5,094
4,802
3,376
1,943
493
1,204
1,300
295
138
Interest Receivable
21
9
42
160
79
24
24
1
Pre-Tax Profit
-1,072
6,715
-14,458
-55,999
-21,282
-31,036
6,880
13,071
11,065
49,811
22,208
782
22,770
32,222
77,369
Tax
-1,276
-1,307
-2,614
-2,213
-10,460
-5,108
-188
-5,920
-9,022
-21,663
Profit After Tax
-1,072
5,439
-14,458
-55,999
-21,282
-31,036
5,573
10,457
8,852
39,351
17,100
594
16,850
23,200
55,706
Dividends Paid
Retained Profit
-1,072
5,439
-14,458
-55,999
-21,282
-31,036
5,573
10,457
8,852
39,351
17,100
594
16,850
23,200
55,706
Employee Costs
376,876
380,989
399,437
429,256
407,685
413,469
450,196
432,552
226,195
257,887
201,388
170,549
202,451
239,651
Number Of Employees
9
10
11
12
12
13
14
14
7
8
7
6
7
9
EBITDA*
4,721
12,423
-9,947
-52,524
-19,307
-28,065
10,669
16,322
14,350
53,935
27,639
11,593
33,827
46,710
96,428
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
3,894
2,793
3,466
4,622
6,162
5,777
7,704
10,272
9,535
12,440
16,587
22,018
32,829
44,228
57,720
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,894
2,793
3,466
4,622
6,162
5,777
7,704
10,272
9,535
12,440
16,587
22,018
32,829
44,228
57,720
Stock & work in progress
63,200
61,986
65,800
76,519
74,509
82,015
108,797
99,259
89,121
87,600
87,521
93,250
81,650
78,600
60,299
Trade Debtors
226,168
219,144
255,311
166,084
235,914
225,723
225,304
274,138
221,499
293,403
235,766
208,886
269,170
265,524
189,032
Group Debtors
Misc Debtors
15,847
12,972
17,518
16,981
16,459
14,956
13,499
13,310
11,560
Cash
17,100
11,082
31,691
8
9,528
100
157
misc current assets
total current assets
305,215
294,102
338,629
276,684
326,882
333,776
379,291
386,707
322,188
390,531
323,287
302,136
350,820
344,224
249,488
total assets
309,109
296,895
342,095
281,306
333,044
339,553
386,995
396,979
331,723
402,971
339,874
324,154
383,649
388,452
307,208
Bank overdraft
25,001
13,900
18,871
50,000
13,712
897
34,785
5,200
4,232
Bank loan
Trade Creditors
147,499
112,737
169,964
118,271
159,600
138,339
101,281
163,207
115,111
249,492
225,372
221,617
261,777
263,693
185,706
Group/Directors Accounts
4,725
3,469
1,066
3,587
4,427
358
141
other short term finances
hp & lease commitments
other current liabilities
54,271
80,411
54,131
39,752
32,684
49,689
68,236
55,224
50,140
total current liabilities
226,771
207,048
247,691
211,492
207,062
192,512
208,729
223,989
169,624
249,492
225,372
221,617
261,777
263,693
185,706
loans
22,500
29,167
39,167
hp & lease commitments
Accruals and Deferred Income
other liabilities
4,568
22,838
41,108
59,378
provisions
434
204
200
319
488
265
454
751
317
549
953
1,520
3,179
4,646
6,319
total long term liabilities
22,934
29,371
39,367
319
488
265
454
751
317
549
953
6,088
26,017
45,754
65,697
total liabilities
249,705
236,419
287,058
211,811
207,550
192,777
209,183
224,740
169,941
250,041
226,325
227,705
287,794
309,447
251,403
net assets
59,404
60,476
55,037
69,495
125,494
146,776
177,812
172,239
161,782
152,930
113,549
96,449
95,855
79,005
55,805
total shareholders funds
59,404
60,476
55,037
69,495
125,494
146,776
177,812
172,239
161,782
152,930
113,549
96,449
95,855
79,005
55,805
Dec 2023
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
4,022
11,517
-11,103
-54,064
-20,830
-29,992
8,101
13,366
11,179
49,788
22,208
782
22,770
32,222
77,369
Depreciation
699
906
1,156
1,540
1,523
1,927
2,568
2,956
3,171
4,147
5,431
10,811
11,057
14,488
19,059
Amortisation
Tax
-1,276
-1,307
-2,614
-2,213
-10,460
-5,108
-188
-5,920
-9,022
-21,663
Stock
1,214
-3,814
-10,719
2,010
-7,506
-26,782
9,538
10,138
1,521
79
-5,729
11,600
3,050
18,301
60,299
Debtors
9,899
-40,713
89,764
-69,308
11,694
1,876
-48,645
54,389
-60,344
57,637
26,880
-60,284
3,646
76,492
189,032
Creditors
34,762
-57,227
51,693
-41,329
21,261
37,058
-61,926
48,096
-134,381
24,120
3,755
-40,160
-1,916
77,987
185,706
Accruals and Deferred Income
-26,140
26,280
14,379
7,068
-17,005
-18,547
13,012
5,084
50,140
Deferred Taxes & Provisions
230
4
-119
-169
223
-189
-297
434
-232
-404
-567
-1,659
-1,467
-1,673
6,319
Cash flow from operations
2,460
24,731
-23,039
-19,656
-19,016
15,163
-742
2,795
-13,513
9,475
4,568
18,270
17,828
19,209
17,459
Investing Activities
capital expenditure
-1,800
-233
-1,908
-3,693
-266
342
-996
-76,779
Change in Investments
cash flow from investments
-1,800
-233
-1,908
-3,693
-266
342
-996
-76,779
Financing Activities
Bank loans
Group/Directors Accounts
-4,725
1,256
2,403
-2,521
-840
4,069
217
141
Other Short Term Loans
Long term loans
-6,667
-10,000
39,167
Hire Purchase and Lease Commitments
other long term liabilities
-4,568
-18,270
-18,270
-18,270
59,378
share issue
30
99
interest
-5,094
-4,802
-3,355
-1,934
-451
-1,044
-1,221
-295
-114
24
1
cash flow from financing
-11,761
-19,527
37,068
469
-2,972
-1,884
2,848
-78
27
54
-4,568
-18,270
-18,270
-18,269
59,477
cash and cash equivalents
cash
-17,100
17,100
-11,082
-20,609
31,691
-8
-9,520
9,528
-100
-57
157
overdraft
11,101
-4,971
-31,129
36,288
12,815
-33,888
29,585
968
4,232
change in cash
-11,101
4,971
14,029
-19,188
-23,897
13,279
2,106
-976
-13,752
9,528
-100
-57
157
stainless cuts & coils ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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stainless cuts & coils ltd Ownership
STAINLESS CUTS & COILS LTD group structure
Stainless Cuts & Coils Ltd has no subsidiary companies.
Ultimate parent company
STAINLESS CUTS & COILS LTD
04332454
STAINLESS CUTS & COILS LTD Shareholders
The largest shareholders in Stainless Cuts & Coils Ltd include Wayne Thornton and Mark Wakefield.
wayne thornton
33.33%
mark wakefield
25.58%
michael ronald sadler
25.58%
kim wakefield
7.75%
jennifer sadler
7.75%
stainless cuts & coils ltd directors
Stainless Cuts & Coils Ltd currently has 3 directors.
The longest serving directors include
Mr Michael Sadler (May 2002) and
Mr Mark Wakefield (Feb 2003).
24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
incorporation date
November 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
stainless cut & coils ltd (May 2002)
stainless cut & coil ltd (January 2002)
accountant
JERROMS GCN LIMITED
auditor
-
address
unit 3 bean road industrial, estate bean road, tipton, west midlands, DY4 9AQ
Bank
-
Legal Advisor
-
stainless cuts & coils ltd 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 1 charges/mortgages relating to stainless cuts & coils ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
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.
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stainless cuts & coils ltdCompanies House Filings - See Documents
