Philmar Fabrications Limited

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philmar fabrications limited Company Information

Company Number

04438779

Next Accounts

Apr 2025

Directors

Mark Mills

Stephen Cooper

Shareholders

1722 limited

Group Structure

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Industry

Manufacture of other fabricated metal products n.e.c.

Registered Address

rowland house lion mill, fitton street royton, oldham, OL2 5JX

Website

www.philmar.co.uk

philmar fabrications limited Estimated Valuation

£940.8k

Pomanda estimates the enterprise value of PHILMAR FABRICATIONS LIMITED at £940.8k based on a Turnover of £1.9m and 0.5x industry multiple (adjusted for size and gross margin).

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Philmar Fabrications Limited is a live company located in oldham, OL2 5JX with a Companies House number of 04438779. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 2002, it's largest shareholder is 1722 limited with a 100% stake. Philmar Fabrications Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Philmar Fabrications Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

6 Regular

5 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.5%)

EXPORT

Philmar Fabrications Limited's latest turnover from July 2023 is estimated at £1.9 million and the company has net assets of £451 thousand. According to their latest financial statements, Philmar Fabrications Limited has 21 employees and maintains cash reserves of £177.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,878,574	1,843,049	1,666,650	1,582,972	1,784,905	1,658,765	1,788,943	1,903,397	1,842,533	1,786,218	1,517,750	2,084,187	1,791,741	1,765,105
Other Income Or Grants
Cost Of Sales	1,338,073	1,289,767	1,180,837	1,111,243	1,254,806	1,154,889	1,235,626	1,308,935	1,253,597	1,245,401	1,059,007	1,457,019	1,240,838	1,211,115
Gross Profit	540,502	553,282	485,813	471,729	530,098	503,876	553,317	594,462	588,936	540,818	458,743	627,168	550,903	553,990
Admin Expenses	566,540	584,990	485,109	681,494	438,876	593,120	580,900	562,096	653,173	617,518	389,019	462,557	367,358	490,182	-684,672
Operating Profit	-26,038	-31,708	704	-209,765	91,222	-89,244	-27,583	32,366	-64,237	-76,700	69,724	164,611	183,545	63,808	684,672
Interest Payable
Interest Receivable	8,855	1,692	195	249	1,714	1,200	683	1,555	1,488	1,712	1,727	1,471	991	478	209
Pre-Tax Profit	-17,183	-30,016	899	-209,516	92,936	-88,044	-26,900	33,921	-62,749	-74,988	71,451	166,082	184,536	64,286	684,881
Tax			-171		-17,658			-6,784			-16,434	-39,860	-47,979	-18,000	-191,767
Profit After Tax	-17,183	-30,016	728	-209,516	75,278	-88,044	-26,900	27,137	-62,749	-74,988	55,017	126,222	136,557	46,286	493,114
Dividends Paid
Retained Profit	-17,183	-30,016	728	-209,516	75,278	-88,044	-26,900	27,137	-62,749	-74,988	55,017	126,222	136,557	46,286	493,114
Employee Costs	829,643	779,765	706,739	861,311	778,162	715,340	665,262	787,447	508,137	499,535	402,037	555,845	476,453	518,660
Number Of Employees	21	21	20	24	22	21	20	24	16	16	13	18	16	18
EBITDA*	-14,421	-18,229	15,674	-193,622	109,522	-67,688	1,289	58,534	-40,804	-46,946	105,052	202,351	223,840	98,087	724,671

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	26,269	35,501	43,023	48,760	53,597	62,950	84,383	74,189	69,483	94,766	115,630	121,616	112,670	89,018	122,148
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	26,269	35,501	43,023	48,760	53,597	62,950	84,383	74,189	69,483	94,766	115,630	121,616	112,670	89,018	122,148
Stock & work in progress	321,780	246,972	216,558	181,161	192,465	165,292	173,215	183,654	178,789	200,321	179,449	143,773	130,265	130,869	115,411
Trade Debtors	321,175	386,476	397,843	268,679	398,752	369,012	472,058	443,325	454,617	455,274	369,944	554,578	473,760	462,692	538,708
Group Debtors						30,456	23,937
Misc Debtors	35,109	41,262	25,539	24,209	132,561					261		414		387	328
Cash	177,546	176,673	93,995	295,521	202,793	254,268	225,695	320,579	301,530	293,682	391,235	299,533	288,737	107,800	83,484
misc current assets
total current assets	855,610	851,383	733,935	769,570	926,571	819,028	894,905	947,558	934,936	949,538	940,628	998,298	892,762	701,748	737,931
total assets	881,879	886,884	776,958	818,330	980,168	881,978	979,288	1,021,747	1,004,419	1,044,304	1,056,258	1,119,914	1,005,432	790,766	860,079
Bank overdraft
Bank loan
Trade Creditors	186,842	231,839	123,183	126,210	160,630	160,524	148,041	144,614	278,385	256,585	192,941	309,160	319,147	243,668	348,709
Group/Directors Accounts	149,589	116,652	66,652	100,025				2,300
other short term finances
hp & lease commitments
other current liabilities	91,064	65,176	82,573	89,678	109,181	85,180	103,667	117,938
total current liabilities	427,495	413,667	272,408	315,913	269,811	245,704	251,708	264,852	278,385	256,585	192,941	309,160	319,147	243,668	348,709
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities														1,294	5,175
provisions	3,341	4,991	6,308	4,903	3,327	4,522	7,784	10,199	6,475	5,411	6,021	8,475	10,228	6,304	12,981
total long term liabilities	3,341	4,991	6,308	4,903	3,327	4,522	7,784	10,199	6,475	5,411	6,021	8,475	10,228	7,598	18,156
total liabilities	430,836	418,658	278,716	320,816	273,138	250,226	259,492	275,051	284,860	261,996	198,962	317,635	329,375	251,266	366,865
net assets	451,043	468,226	498,242	497,514	707,030	631,752	719,796	746,696	719,559	782,308	857,296	802,279	676,057	539,500	493,214
total shareholders funds	451,043	468,226	498,242	497,514	707,030	631,752	719,796	746,696	719,559	782,308	857,296	802,279	676,057	539,500	493,214

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-26,038	-31,708	704	-209,765	91,222	-89,244	-27,583	32,366	-64,237	-76,700	69,724	164,611	183,545	63,808	684,672
Depreciation	11,617	13,479	14,970	16,143	18,300	21,556	28,872	26,168	23,433	29,754	35,328	37,740	40,295	34,279	39,999
Amortisation
Tax			-171		-17,658			-6,784			-16,434	-39,860	-47,979	-18,000	-191,767
Stock	74,808	30,414	35,397	-11,304	27,173	-7,923	-10,439	4,865	-21,532	20,872	35,676	13,508	-604	15,458	115,411
Debtors	-71,454	4,356	130,494	-238,425	131,845	-96,527	52,670	-11,292	-918	85,591	-185,048	81,232	10,681	-75,957	539,036
Creditors	-44,997	108,656	-3,027	-34,420	106	12,483	3,427	-133,771	21,800	63,644	-116,219	-9,987	75,479	-105,041	348,709
Accruals and Deferred Income	25,888	-17,397	-7,105	-19,503	24,001	-18,487	-14,271	117,938
Deferred Taxes & Provisions	-1,650	-1,317	1,405	1,576	-1,195	-3,262	-2,415	3,724	1,064	-610	-2,454	-1,753	3,924	-6,677	12,981
Cash flow from operations	-38,534	36,943	-159,115	3,760	-44,242	27,496	-54,201	46,068	4,510	-90,375	119,317	56,011	245,187	28,868	240,147
Investing Activities
capital expenditure	-2,385	-5,957	-9,233	-11,306	-8,947	-123	-39,066	-30,874	1,850	-8,890	-29,342	-46,686	-63,947	-1,149	-162,147
Change in Investments
cash flow from investments	-2,385	-5,957	-9,233	-11,306	-8,947	-123	-39,066	-30,874	1,850	-8,890	-29,342	-46,686	-63,947	-1,149	-162,147
Financing Activities
Bank loans
Group/Directors Accounts	32,937	50,000	-33,373	100,025			-2,300	2,300
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities													-1,294	-3,881	5,175
share issue															100
interest	8,855	1,692	195	249	1,714	1,200	683	1,555	1,488	1,712	1,727	1,471	991	478	209
cash flow from financing	41,792	51,692	-33,178	100,274	1,714	1,200	-1,617	3,855	1,488	1,712	1,727	1,471	-303	-3,403	5,484
cash and cash equivalents
cash	873	82,678	-201,526	92,728	-51,475	28,573	-94,884	19,049	7,848	-97,553	91,702	10,796	180,937	24,316	83,484
overdraft
change in cash	873	82,678	-201,526	92,728	-51,475	28,573	-94,884	19,049	7,848	-97,553	91,702	10,796	180,937	24,316	83,484

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PHILMAR FABRICATIONS LIMITED group structure

Philmar Fabrications Limited has no subsidiary companies.

Ultimate parent company

PHILMAR FABRICATIONS LIMITED

04438779

PHILMAR FABRICATIONS LIMITED Shareholders

1722 limited

100%

Philmar Fabrications Limited currently has 2 directors. The longest serving directors include Mr Mark Mills (May 2002) and Mr Stephen Cooper (Aug 2015).

officer	country	age	start	end	role
Mr Mark Mills	United Kingdom	58 years	May 2002	-	Director
Mr Stephen Cooper		47 years	Aug 2015	-	Director

P&L

July 2023

turnover

1.9m

+2%

operating profit

-26k

gross margin

28.8%

-4.16%

turnover

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

Balance Sheet

July 2023

net assets

451k

-0.04%

total assets

881.9k

-0.01%

cash

177.5k

net assets

Total assets minus all liabilities

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company number

04438779

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

May 2002

ultimate parent company

None

previous names

fisherhouse ltd (June 2002)

address

rowland house lion mill, fitton street royton, oldham, OL2 5JX

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 philmar fabrications limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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philmar fabrications limited Company Information

philmar fabrications limited Estimated Valuation

philmar fabrications limited Estimated Valuation

philmar fabrications limited Estimated Valuation

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