reece safety products ltd
reece safety products ltd Company Information
Company Number
04372283
Next Accounts
Dec 2025
Shareholders
r safety products holdings ltd
Group Structure
View All
Industry
Other retail sale not in stores, stalls or markets
Registered Address
unit b9 lowfields close, lowfields business park, elland, west yorkshire, HX5 9DX
Website
www.reecesafety.co.ukreece safety products ltd Estimated Valuation
Pomanda estimates the enterprise value of REECE SAFETY PRODUCTS LTD at £3.3m based on a Turnover of £10m and 0.33x industry multiple (adjusted for size and gross margin).
reece safety products ltd Estimated Valuation
Pomanda estimates the enterprise value of REECE SAFETY PRODUCTS LTD at £162k based on an EBITDA of £46.4k and a 3.49x industry multiple (adjusted for size and gross margin).
reece safety products ltd Estimated Valuation
Pomanda estimates the enterprise value of REECE SAFETY PRODUCTS LTD at £11.1m based on Net Assets of £5.6m and 1.97x industry multiple (adjusted for liquidity).
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Reece Safety Products Ltd Overview
Reece Safety Products Ltd is a live company located in elland, HX5 9DX with a Companies House number of 04372283. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in February 2002, it's largest shareholder is r safety products holdings ltd with a 100% stake. Reece Safety Products Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £10m with healthy growth in recent years.
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Reece Safety Products Ltd Health Check
Pomanda's financial health check has awarded Reece Safety Products Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £10m, make it larger than the average company (£1.2m)
- Reece Safety Products Ltd
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.5%)
- Reece Safety Products Ltd
10.5% - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (32.8%)
- Reece Safety Products Ltd
32.8% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (4.7%)
- Reece Safety Products Ltd
4.7% - Industry AVG
Employees
with 36 employees, this is above the industry average (10)
36 - Reece Safety Products Ltd
10 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
- Reece Safety Products Ltd
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £278.7k, this is more efficient (£207.3k)
- Reece Safety Products Ltd
£207.3k - Industry AVG
Debtor Days
it gets paid by customers after 143 days, this is later than average (32 days)
- Reece Safety Products Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (36 days)
- Reece Safety Products Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 104 days, this is more than average (62 days)
- Reece Safety Products Ltd
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (26 weeks)
8 weeks - Reece Safety Products Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.7%, this is a lower level of debt than the average (62.8%)
16.7% - Reece Safety Products Ltd
62.8% - Industry AVG
REECE SAFETY PRODUCTS LTD financials
Reece Safety Products Ltd's latest turnover from March 2024 is estimated at £10 million and the company has net assets of £5.6 million. According to their latest financial statements, Reece Safety Products Ltd has 36 employees and maintains cash reserves of £167.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,565,425 | 3,608,363 | 3,165,732 | 2,832,948 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,764,759 | 1,941,919 | 1,756,029 | 1,507,558 | |||||||||||
| Gross Profit | 1,800,666 | 1,666,444 | 1,409,703 | 1,325,390 | |||||||||||
| Admin Expenses | 727,694 | 982,521 | 858,916 | 1,087,748 | |||||||||||
| Operating Profit | 1,072,972 | 683,923 | 550,787 | 237,642 | |||||||||||
| Interest Payable | 1,702 | 4,544 | 4,844 | 5,222 | |||||||||||
| Interest Receivable | 262 | 92 | 78 | 17 | |||||||||||
| Pre-Tax Profit | 1,071,532 | 679,471 | 546,021 | 232,437 | |||||||||||
| Tax | -254,125 | -169,328 | -134,913 | -47,927 | |||||||||||
| Profit After Tax | 817,407 | 510,143 | 411,108 | 184,510 | |||||||||||
| Dividends Paid | 425,000 | ||||||||||||||
| Retained Profit | 817,407 | 510,143 | 411,108 | -240,490 | |||||||||||
| Employee Costs | 941,186 | ||||||||||||||
| Number Of Employees | 36 | 33 | 29 | 29 | 29 | 31 | 26 | 23 | |||||||
| EBITDA* | 1,083,488 | 693,363 | 557,320 | 240,695 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 267,390 | 234,098 | 268,515 | 252,114 | 217,604 | 223,019 | 172,183 | 106,774 | 100,122 | 86,956 | 59,679 | 53,630 | 45,914 | 328,871 | 325,672 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 296,215 | 296,215 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 267,390 | 234,098 | 268,515 | 252,114 | 217,604 | 223,019 | 172,183 | 106,774 | 100,122 | 86,956 | 59,679 | 349,845 | 342,129 | 328,871 | 325,672 |
| Stock & work in progress | 2,382,201 | 2,309,103 | 2,246,907 | 2,148,078 | 1,585,192 | 1,547,231 | 1,121,070 | 834,465 | 666,656 | 869,877 | 542,620 | 451,528 | 286,325 | 336,682 | 177,682 |
| Trade Debtors | 3,933,730 | 3,853,378 | 3,724,663 | 3,879,885 | 4,357,100 | 4,688,573 | 4,079,614 | 3,505,893 | 3,157,056 | 3,016,814 | 2,355,309 | 397,681 | 429,133 | 312,807 | 279,608 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 53,771 | 17,761 | |||||||||||||
| Cash | 167,359 | 280,660 | 329,826 | 331,101 | 314,302 | 181,264 | 237,246 | 451,928 | 269,059 | 114,619 | 279,652 | 1,572,586 | 888,207 | 269,870 | 12,040 |
| misc current assets | |||||||||||||||
| total current assets | 6,483,290 | 6,443,141 | 6,301,396 | 6,359,064 | 6,256,594 | 6,417,068 | 5,437,930 | 4,792,286 | 4,092,771 | 4,001,310 | 3,177,581 | 2,475,566 | 1,621,426 | 919,359 | 469,330 |
| total assets | 6,750,680 | 6,677,239 | 6,569,911 | 6,611,178 | 6,474,198 | 6,640,087 | 5,610,113 | 4,899,060 | 4,192,893 | 4,088,266 | 3,237,260 | 2,825,411 | 1,963,555 | 1,248,230 | 795,002 |
| Bank overdraft | 140,714 | 17,373 | 22,176 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,063,515 | 980,448 | 960,802 | 1,068,492 | 924,468 | 1,065,712 | 849,092 | 859,121 | 594,253 | 805,814 | 510,934 | 421,163 | 339,383 | 160,025 | 212,189 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 340,782 | 240,784 | 211,002 | 104,188 | |||||||||||
| total current liabilities | 1,063,515 | 980,448 | 960,802 | 1,068,492 | 924,468 | 1,065,712 | 849,092 | 859,121 | 594,253 | 805,814 | 510,934 | 761,945 | 720,881 | 388,400 | 338,553 |
| loans | 136,170 | 143,897 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 24,670 | 41,779 | 31,783 | 1,992 | 27,888 | ||||||||||
| provisions | 66,848 | 44,479 | 51,018 | 48,132 | 41,345 | 42,374 | 32,715 | 21,344 | 20,024 | 18,226 | 11,461 | 12,256 | 8,871 | ||
| total long term liabilities | 66,848 | 69,149 | 92,797 | 79,915 | 43,337 | 70,262 | 32,715 | 21,344 | 20,024 | 18,226 | 11,461 | 12,256 | 8,871 | 136,170 | 143,897 |
| total liabilities | 1,130,363 | 1,049,597 | 1,053,599 | 1,148,407 | 967,805 | 1,135,974 | 881,807 | 880,465 | 614,277 | 824,040 | 522,395 | 774,201 | 729,752 | 524,570 | 482,450 |
| net assets | 5,620,317 | 5,627,642 | 5,516,312 | 5,462,771 | 5,506,393 | 5,504,113 | 4,728,306 | 4,018,595 | 3,578,616 | 3,264,226 | 2,714,865 | 2,051,210 | 1,233,803 | 723,660 | 312,552 |
| total shareholders funds | 5,620,317 | 5,627,642 | 5,516,312 | 5,462,771 | 5,506,393 | 5,504,113 | 4,728,306 | 4,018,595 | 3,578,616 | 3,264,226 | 2,714,865 | 2,051,210 | 1,233,803 | 723,660 | 312,552 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,072,972 | 683,923 | 550,787 | 237,642 | |||||||||||
| Depreciation | 65,465 | 58,074 | 67,815 | 57,151 | 49,449 | 48,063 | 37,987 | 23,856 | 25,531 | 20,525 | 11,157 | 10,516 | 9,440 | 6,533 | 3,053 |
| Amortisation | |||||||||||||||
| Tax | -254,125 | -169,328 | -134,913 | -47,927 | |||||||||||
| Stock | 73,098 | 62,196 | 98,829 | 562,886 | 37,961 | 426,161 | 286,605 | 167,809 | -203,221 | 327,257 | 91,092 | 165,203 | -50,357 | 159,000 | 177,682 |
| Debtors | 80,352 | 128,715 | -155,222 | -477,215 | -331,473 | 608,959 | 573,721 | 348,837 | 140,242 | 661,505 | 1,903,857 | 4,558 | 134,087 | 33,199 | 279,608 |
| Creditors | 83,067 | 19,646 | -107,690 | 144,024 | -141,244 | 216,620 | -10,029 | 264,868 | -211,561 | 294,880 | 89,771 | 81,780 | 179,358 | -52,164 | 212,189 |
| Accruals and Deferred Income | -340,782 | 99,998 | 29,782 | 106,814 | 104,188 | ||||||||||
| Deferred Taxes & Provisions | 22,369 | -6,539 | 2,886 | 6,787 | -1,029 | 9,659 | 11,371 | 1,320 | 1,798 | 6,765 | -795 | 3,385 | 8,871 | ||
| Cash flow from operations | 844,765 | 658,316 | 284,858 | 51,855 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -296,215 | 296,215 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -136,170 | -7,727 | 143,897 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -24,670 | -17,109 | 9,996 | 29,791 | -25,896 | 27,888 | |||||||||
| share issue | |||||||||||||||
| interest | -1,440 | -4,452 | -4,766 | -5,205 | |||||||||||
| cash flow from financing | -1,440 | -140,622 | -12,493 | 691,734 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -113,301 | -49,166 | -1,275 | 16,799 | 133,038 | -55,982 | -214,682 | 182,869 | 154,440 | -165,033 | -1,292,934 | 684,379 | 618,337 | 257,830 | 12,040 |
| overdraft | -140,714 | 123,341 | -4,803 | 22,176 | |||||||||||
| change in cash | -113,301 | -49,166 | -1,275 | 16,799 | 133,038 | -55,982 | -214,682 | 182,869 | 154,440 | -165,033 | -1,292,934 | 825,093 | 494,996 | 262,633 | -10,136 |
reece safety products ltd Credit Report and Business Information
Reece Safety Products Ltd Competitor Analysis
Perform a competitor analysis for reece safety products ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HX5 area or any other competitors across 12 key performance metrics.
reece safety products ltd Ownership
REECE SAFETY PRODUCTS LTD group structure
Reece Safety Products Ltd has no subsidiary companies.
Ultimate parent company
1 parent
REECE SAFETY PRODUCTS LTD
04372283
reece safety products ltd directors
Reece Safety Products Ltd currently has 2 directors. The longest serving directors include Mr Andrew Graham (Oct 2013) and Mr Robin Womersley (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Graham | 60 years | Oct 2013 | - | Director | |
| Mr Robin Womersley | England | 53 years | Oct 2013 | - | Director |
P&L
March 2024turnover
10m
+12%
operating profit
-19.1k
0%
gross margin
16.8%
-11.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.6m
0%
total assets
6.8m
+0.01%
cash
167.4k
-0.4%
net assets
Total assets minus all liabilities
reece safety products ltd company details
company number
04372283
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
February 2002
age
23
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
HANLEY & CO
auditor
-
address
unit b9 lowfields close, lowfields business park, elland, west yorkshire, HX5 9DX
Bank
-
Legal Advisor
-
reece safety products 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 did not find charges/mortgages relating to reece safety products ltd.
reece safety products ltd Capital Raised & Share Issues BETA
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reece safety products ltd Companies House Filings - See Documents
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