Weldrite Structures Limited

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weldrite structures limited Company Information

Live

MatureMidLow

Company Number

04486335

Website

www.weldrite.co.uk

Registered Address

construction house, 1a allens lane, poole, dorset, BH16 5DG

Industry

Construction of commercial buildings

Telephone

01202670855

Next Accounts Due

December 2024

Group Structure

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Directors

Stephen Dyke21 Years

Shareholders

weldrite group limited 100%

weldrite structures limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of WELDRITE STRUCTURES LIMITED at £4m based on a Turnover of £9.7m and 0.41x industry multiple (adjusted for size and gross margin).

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Weldrite Structures Limited is a live company located in poole, BH16 5DG with a Companies House number of 04486335. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in July 2002, it's largest shareholder is weldrite group limited with a 100% stake. Weldrite Structures Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.7m with low growth in recent years.

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Pomanda's financial health check has awarded Weldrite Structures Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

7 Regular

4 Weak

Size

annual sales of £9.7m, make it in line with the average company (£10.7m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.5%)

EXPORT

Weldrite Structures Limited's latest turnover from March 2023 is estimated at £9.7 million and the company has net assets of £673.8 thousand. According to their latest financial statements, Weldrite Structures Limited has 26 employees and maintains cash reserves of £82.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Turnover	9,667,906	7,756,735	8,123,365	8,912,265	6,576,557	6,703,241	7,950,865	5,637,386	6,690,404	8,030,012	5,570,873	2,714,636	837
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,281,111	6,644,117	7,015,842	7,612,196	5,611,197	5,710,523	6,772,343	4,856,653	5,788,056	6,969,421	4,851,892	2,283,522	698
Gross Profit	1,386,795	1,112,619	1,107,524	1,300,068	965,359	992,718	1,178,521	780,733	902,348	1,060,591	718,981	431,114	140
Admin Expenses	1,262,731	1,104,691	834,845	1,222,539	589,854	940,181	1,283,773	656,784	899,885	928,630	645,223	313,659	140
Operating Profit	124,064	7,928	272,679	77,529	375,505	52,537	-105,252	123,949	2,463	131,961	73,758	117,455	0
Interest Payable	13,667	11,455	6,702	972	0	437	1,385	1,440	0	0	0	0	0
Interest Receivable	2,959	2,615	321	128	961	137	335	543	421	443	637	606	0
Pre-Tax Profit	113,357	-912	266,298	76,685	376,465	52,238	-106,302	123,051	2,884	132,404	74,395	118,061	0
Tax	-21,538	0	-50,597	-14,570	-71,528	-9,925	0	-24,610	-606	-30,453	-17,855	-30,696	0
Profit After Tax	91,819	-912	215,701	62,115	304,937	42,313	-106,302	98,441	2,278	101,951	56,540	87,365	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	91,819	-912	215,701	62,115	304,937	42,313	-106,302	98,441	2,278	101,951	56,540	87,365	0
Employee Costs	1,347,993	1,245,652	1,147,796	1,301,786	1,332,417	1,399,878	1,039,329	717,651	867,599	1,117,609	824,036	460,543	37,073
Number Of Employees	26	25	24	27	28	30	23	17	21	28	21	12	1
EBITDA*	148,611	32,329	297,456	99,460	408,778	99,155	-52,103	171,523	46,581	153,597	91,510	127,153	5,951

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Tangible Assets	91,714	90,387	91,015	80,190	90,201	115,032	142,126	142,637	140,153	87,536	40,376	23,009	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	3,000	0
Investments & Other	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
Total Fixed Assets	91,714	90,387	91,015	80,190	90,201	115,032	142,126	142,637	140,153	87,536	40,376	26,009	0
Stock & work in progress	430,755	540,857	65,487	37,428	262,150	153,347	430,094	3,964	318,781	106,029	105,750	0	0
Trade Debtors	1,316,879	996,559	1,106,601	1,325,488	599,301	788,723	783,903	880,339	844,820	1,115,690	753,902	271,493	100
Group Debtors	2,978	44,794	146,558	164,430	0	0	49	0	0	0	0	0	0
Misc Debtors	172,952	116,644	35,979	39,887	242,908	179,075	235,596	126,966	0	0	0	0	0
Cash	82,904	56,350	640,858	284	256,216	184	54,784	213,611	3,479	164,852	12,353	242,352	0
misc current assets	0	0	0	0	0	0	0	0	5,000	10,000	15,000	22,500	0
total current assets	2,006,468	1,755,204	1,995,483	1,567,517	1,360,575	1,121,329	1,504,426	1,224,880	1,172,080	1,396,571	887,005	536,345	100
total assets	2,098,182	1,845,591	2,086,498	1,647,707	1,450,776	1,236,361	1,646,552	1,367,517	1,312,233	1,484,107	927,381	562,354	100
Bank overdraft	36,364	36,364	36,364	0	0	13,435	0	44,321	0	0	0	0	0
Bank loan	0	0	0	31,869	0	0	0	0	0	0	0	0	0
Trade Creditors	1,190,069	886,146	1,069,991	1,068,465	849,760	670,873	1,196,472	723,802	996,726	1,228,032	764,618	464,889	0
Group/Directors Accounts	330	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
hp & lease commitments	12,300	7,225	12,269	17,084	17,595	27,819	29,316	0	0	0	0	0	0
other current liabilities	55,363	167,729	191,892	133,677	230,146	184,209	106,126	190,353	0	0	0	0	0
total current liabilities	1,294,426	1,097,464	1,310,516	1,251,095	1,097,501	896,336	1,331,914	958,476	996,726	1,228,032	764,618	464,889	0
loans	78,788	115,152	151,516	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	35,709	34,477	27,378	17,477	34,561	57,339	74,265	62,366	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	67,273	10,119	18,758	10,000	0
provisions	15,499	16,557	14,235	11,983	13,677	0	0	0	0	0	0	0	0
total long term liabilities	129,996	166,186	193,129	29,460	48,238	57,339	74,265	62,366	67,273	10,119	18,758	10,000	0
total liabilities	1,424,422	1,263,650	1,503,645	1,280,555	1,145,739	953,675	1,406,179	1,020,842	1,063,999	1,238,151	783,376	474,889	0
net assets	673,760	581,941	582,853	367,152	305,037	282,686	240,373	346,675	248,234	245,956	144,005	87,465	100
total shareholders funds	673,760	581,941	582,853	367,152	305,037	282,686	240,373	346,675	248,234	245,956	144,005	87,465	100

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	124,064	7,928	272,679	77,529	375,505	52,537	-105,252	123,949	2,463	131,961	73,758	117,455	0
Depreciation	24,547	24,401	24,777	21,931	33,273	46,618	53,149	47,574	44,118	21,636	14,752	6,698	2,951
Amortisation	0	0	0	0	0	0	0	0	0	0	3,000	3,000	3,000
Tax	-21,538	0	-50,597	-14,570	-71,528	-9,925	0	-24,610	-606	-30,453	-17,855	-30,696	0
Stock	-110,102	475,370	28,059	-224,722	262,150	-276,747	426,130	-314,817	212,752	279	105,750	0	0
Debtors	334,812	-131,141	-240,667	687,596	842,209	-51,750	12,243	162,485	-270,870	361,788	482,409	271,393	100
Creditors	303,923	-183,845	1,526	218,705	849,760	-525,599	472,670	-272,924	-231,306	463,414	299,729	464,889	0
Accruals and Deferred Income	-112,366	-24,163	58,215	-96,469	230,146	78,083	-84,227	190,353	0	0	0	0	0
Deferred Taxes & Provisions	-1,058	2,322	2,252	-1,694	13,677	0	0	0	0	0	0	0	0
Cash flow from operations	92,862	-517,586	521,460	-257,442	326,474	-29,789	-102,033	216,674	-127,213	224,491	-214,775	289,953	5,851
Investing Activities
capital expenditure	-25,874	-23,773	-35,602	-11,920	-123,474	0	-52,638	-50,058	-96,735	-68,796	-32,119	-35,707	-5,951
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-25,874	-23,773	-35,602	-11,920	-123,474	0	-52,638	-50,058	-96,735	-68,796	-32,119	-35,707	-5,951
Financing Activities
Bank loans	0	0	-31,869	31,869	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	330	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
Long term loans	-36,364	-36,364	151,516	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	6,307	2,055	5,086	-17,595	52,156	-18,423	41,215	62,366	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-67,273	57,154	-8,639	8,758	10,000	0
share issue	0	0	0	0	100	0	0	0	0	0	0	0	100
interest	-10,708	-8,840	-6,381	-844	961	-300	-1,050	-897	421	443	637	606	0
cash flow from financing	-40,435	-43,149	118,352	13,430	53,217	-18,723	40,165	-5,804	57,575	-8,196	9,395	10,606	100
cash and cash equivalents
cash	26,554	-584,508	640,574	-255,932	256,216	-54,600	-158,827	210,132	-161,373	152,499	-229,999	242,352	0
overdraft	0	0	36,364	0	0	13,435	-44,321	44,321	0	0	0	0	0
change in cash	26,554	-584,508	604,210	-255,932	256,216	-68,035	-114,506	165,811	-161,373	152,499	-229,999	242,352	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELDRITE STRUCTURES LIMITED group structure

Weldrite Structures Limited has no subsidiary companies.

Ultimate parent company

WELDRITE GROUP LIMITED

10643684

1 parent

WELDRITE STRUCTURES LIMITED

04486335

WELDRITE STRUCTURES LIMITED Shareholders

weldrite group limited

100%

Weldrite Structures Limited currently has 1 director, Mr Stephen Dyke serving since Jul 2002.

officer	country	age	start	end	role
Mr Stephen Dyke	England	57 years	Jul 2002	-	Director

P&L

March 2023

turnover

9.7m

+25%

operating profit

124.1k

gross margin

14.4%

turnover

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

Balance Sheet

March 2023

net assets

673.8k

+0.16%

total assets

2.1m

+0.14%

cash

82.9k

+0.47%

net assets

Total assets minus all liabilities

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3.5

company number

04486335

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

July 2002

age

accounts

Total Exemption Full

ultimate parent company

WELDRITE GROUP LIMITED

previous names

weldrite erecting services ltd (October 2010)

incorporated

address

construction house, 1a allens lane, poole, dorset, BH16 5DG

last accounts submitted

March 2023

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 weldrite structures limited.

weldrite structures limited Company Information

weldrite structures limited Estimated Valuation

weldrite structures limited Estimated Valuation

weldrite structures limited Estimated Valuation

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WELDRITE STRUCTURES LIMITED financials

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