brand newco 453 limited
brand newco 453 limited Company Information
Company Number
04455835
Website
eternitisteels.co.ukRegistered Address
st johns terrace 11-15 new road, manchester, M26 1LS
Industry
Wholesale of metals and metal ores
Telephone
-
Next Accounts Due
3420 days late
Group Structure
View All
Directors
Ronald Hill10 Years
Shareholders
brand new co (453) ltd 100%
brand newco 453 limited Estimated Valuation
Pomanda estimates the enterprise value of BRAND NEWCO 453 LIMITED at £12.6m based on a Turnover of £40.9m and 0.31x industry multiple (adjusted for size and gross margin).
brand newco 453 limited Estimated Valuation
Pomanda estimates the enterprise value of BRAND NEWCO 453 LIMITED at £0 based on an EBITDA of £-2.4m and a 4.01x industry multiple (adjusted for size and gross margin).
brand newco 453 limited Estimated Valuation
Pomanda estimates the enterprise value of BRAND NEWCO 453 LIMITED at £712.2k based on Net Assets of £482.5k and 1.48x industry multiple (adjusted for liquidity).
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Brand Newco 453 Limited Overview
Brand Newco 453 Limited is a live company located in manchester, M26 1LS with a Companies House number of 04455835. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in June 2002, it's largest shareholder is brand new co (453) ltd with a 100% stake. Brand Newco 453 Limited is a mature, large sized company, Pomanda has estimated its turnover at £40.9m with high growth in recent years.
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Brand Newco 453 Limited Health Check
Pomanda's financial health check has awarded Brand Newco 453 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £40.9m, make it larger than the average company (£19.1m)
£40.9m - Brand Newco 453 Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (12.6%)
27% - Brand Newco 453 Limited
12.6% - Industry AVG
Production
with a gross margin of 6.8%, this company has a higher cost of product (12.5%)
6.8% - Brand Newco 453 Limited
12.5% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (2.1%)
-6.8% - Brand Newco 453 Limited
2.1% - Industry AVG
Employees
with 51 employees, this is above the industry average (31)
51 - Brand Newco 453 Limited
31 - Industry AVG
Pay Structure
on an average salary of £35.1k, the company has an equivalent pay structure (£33.5k)
£35.1k - Brand Newco 453 Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £802k, this is more efficient (£641.2k)
£802k - Brand Newco 453 Limited
£641.2k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (72 days)
4 days - Brand Newco 453 Limited
72 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (56 days)
101 days - Brand Newco 453 Limited
56 days - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is in line with average (57 days)
65 days - Brand Newco 453 Limited
57 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (2 weeks)
0 weeks - Brand Newco 453 Limited
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.9%, this is a higher level of debt than the average (70.6%)
96.9% - Brand Newco 453 Limited
70.6% - Industry AVG
brand newco 453 limited Credit Report and Business Information
Brand Newco 453 Limited Competitor Analysis
Perform a competitor analysis for brand newco 453 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
brand newco 453 limited Ownership
BRAND NEWCO 453 LIMITED group structure
Brand Newco 453 Limited has no subsidiary companies.
Ultimate parent company
BRAND NEWCO 453 LIMITED
04455835
brand newco 453 limited directors
Brand Newco 453 Limited currently has 1 director, Mr Ronald Hill serving since Jan 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ronald Hill | 75 years | Jan 2014 | - | Director |
BRAND NEWCO 453 LIMITED financials
Brand Newco 453 Limited's latest turnover from March 2013 is £40.9 million and the company has net assets of £482.5 thousand. According to their latest financial statements, Brand Newco 453 Limited has 51 employees and maintains cash reserves of £590 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|
| Turnover | 40,903,989 | 46,324,184 | 34,226,869 | 20,101,486 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 38,139,337 | 42,090,870 | 29,716,357 | 18,199,792 |
| Gross Profit | 2,764,652 | 4,233,314 | 4,510,512 | 1,901,694 |
| Admin Expenses | 5,552,567 | 3,475,257 | 2,929,731 | 2,308,281 |
| Operating Profit | -2,787,915 | 758,057 | 1,580,781 | -406,587 |
| Interest Payable | 103,683 | 135,375 | 142,532 | 147,473 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,794,845 | 622,682 | 1,438,249 | -554,060 |
| Tax | -38,832 | -167,228 | -423,933 | 134,421 |
| Profit After Tax | -1,833,677 | 455,454 | 1,014,316 | -419,639 |
| Dividends Paid | 114,080 | 118,156 | 122,461 | 166,357 |
| Retained Profit | -1,947,757 | 337,298 | 891,855 | -585,996 |
| Employee Costs | 1,789,620 | 1,882,889 | 1,526,884 | 1,028,495 |
| Number Of Employees | 51 | 59 | 46 | 34 |
| EBITDA* | -2,356,903 | 1,205,708 | 2,111,448 | -38,976 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|
| Tangible Assets | 5,435,231 | 5,588,286 | 5,754,952 | 5,945,420 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,435,231 | 5,588,286 | 5,754,952 | 5,945,420 |
| Stock & work in progress | 6,839,742 | 9,841,791 | 6,011,086 | 3,836,621 |
| Trade Debtors | 476,229 | 530,116 | 436,700 | 373,512 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 209,097 | 636,403 | 5,019,085 | 2,195,659 |
| Cash | 590 | 521 | 59 | 95 |
| misc current assets | 2,784,778 | 6,902,114 | 0 | 0 |
| total current assets | 10,310,436 | 17,910,945 | 11,466,930 | 6,405,887 |
| total assets | 15,745,667 | 23,499,231 | 17,221,882 | 12,351,307 |
| Bank overdraft | 1,005,024 | 442,142 | 141,753 | 400,424 |
| Bank loan | 99,118 | 154,942 | 186,088 | 414,051 |
| Trade Creditors | 10,565,062 | 16,810,704 | 10,812,456 | 6,682,862 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 266,419 | 242,927 | 280,681 | 296,164 |
| other current liabilities | 1,146,862 | 959,133 | 1,082,567 | 804,124 |
| total current liabilities | 13,082,485 | 18,609,848 | 12,503,545 | 8,597,625 |
| loans | 1,494,625 | 1,767,136 | 1,928,549 | 1,841,771 |
| hp & lease commitments | 524,305 | 519,412 | 514,164 | 672,193 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 161,760 | 172,586 | 182,673 | 38,622 |
| total long term liabilities | 2,180,690 | 2,459,134 | 2,625,386 | 2,552,586 |
| total liabilities | 15,263,175 | 21,068,982 | 15,128,931 | 11,150,211 |
| net assets | 482,492 | 2,430,249 | 2,092,951 | 1,201,096 |
| total shareholders funds | 482,492 | 2,430,249 | 2,092,951 | 1,201,096 |
| Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -2,787,915 | 758,057 | 1,580,781 | -406,587 |
| Depreciation | 431,012 | 447,651 | 530,667 | 367,611 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | -38,832 | -167,228 | -423,933 | 134,421 |
| Stock | -3,002,049 | 3,830,705 | 2,174,465 | 3,836,621 |
| Debtors | -481,193 | -4,289,266 | 2,886,614 | 2,569,171 |
| Creditors | -6,245,642 | 5,998,248 | 4,129,594 | 6,682,862 |
| Accruals and Deferred Income | 187,729 | -123,434 | 278,443 | 804,124 |
| Deferred Taxes & Provisions | -10,826 | -10,087 | 144,051 | 38,622 |
| Cash flow from operations | -4,981,232 | 7,361,768 | 1,178,524 | 1,215,261 |
| Investing Activities | ||||
| capital expenditure | 1,223,195 | -110,246 | -197,059 | -588,173 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 1,223,195 | -110,246 | -197,059 | -588,173 |
| Financing Activities | ||||
| Bank loans | -55,824 | -31,146 | -227,963 | 414,051 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -272,511 | -161,413 | 86,778 | 1,841,771 |
| Hire Purchase and Lease Commitments | 28,385 | -32,506 | -173,512 | 968,357 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -103,683 | -135,375 | -142,532 | -147,473 |
| cash flow from financing | -403,633 | -360,440 | -457,229 | 4,863,798 |
| cash and cash equivalents | ||||
| cash | 69 | 462 | -36 | 95 |
| overdraft | 562,882 | 300,389 | -258,671 | 400,424 |
| change in cash | -562,813 | -299,927 | 258,635 | -400,329 |
P&L
March 2013turnover
40.9m
-12%
operating profit
-2.8m
-468%
gross margin
6.8%
-26.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2013net assets
482.5k
-0.8%
total assets
15.7m
-0.33%
cash
590
+0.13%
net assets
Total assets minus all liabilities
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brand newco 453 limited company details
company number
04455835
Type
Private limited with Share Capital
industry
46720 - Wholesale of metals and metal ores
incorporation date
June 2002
age
22
accounts
Full Accounts
ultimate parent company
previous names
eterniti steels limited (October 2014)
incorporated
UK
address
st johns terrace 11-15 new road, manchester, M26 1LS
last accounts submitted
March 2013
brand newco 453 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 did not find charges/mortgages relating to brand newco 453 limited.
brand newco 453 limited Companies House Filings - See Documents
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