New World Air Brake Ltd

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new world air brake ltd Company Information

Live

MatureMidHealthy

Company Number

04608583

Website

www.newworldairbrake.com

Registered Address

unit 9 gawsworth court,, birchwood, warrington, cheshire, WA3 6NJ

Industry

Non-specialised wholesale trade

Telephone

01925810999

Next Accounts Due

March 2025

Group Structure

View All

Directors

Michael Davies21 Years

Neil Castle21 Years

Shareholders

michael peter davies 40%

neil richard castle 40%

View All

new world air brake ltd Estimated Valuation

£309.6k - £3.1m

The estimated valuation range for new world air brake ltd, derived from financial data as of June 2023 and the most recent industry multiples, is between £309.6k to £3.1m

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New World Air Brake Ltd AI Business Plan

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New World Air Brake Ltd is a live company located in cheshire, WA3 6NJ with a Companies House number of 04608583. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in December 2002, it's largest shareholder is michael peter davies with a 40% stake. New World Air Brake Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded New World Air Brake Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £8.8m, make it smaller than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEW WORLD AIR BRAKE LTD group structure

New World Air Brake Ltd has no subsidiary companies.

Ultimate parent company

NEW WORLD AIR BRAKE LTD

04608583

NEW WORLD AIR BRAKE LTD Shareholders

michael peter davies	40%
neil richard castle	40%
scott michael davies	10%
jill louise castle	10%

New World Air Brake Ltd currently has 2 directors. The longest serving directors include Mr Michael Davies (Dec 2002) and Mr Neil Castle (Dec 2002).

officer	country	age	start	end	role
Mr Michael Davies	England	59 years	Dec 2002	-	Director
Mr Neil Castle	England	53 years	Dec 2002	-	Director

EXPORT

New World Air Brake Ltd's latest turnover from June 2023 is estimated at £8.8 million and the company has net assets of £368 thousand. According to their latest financial statements, New World Air Brake Ltd has 23 employees and maintains cash reserves of £91 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	8,837,638	8,819,819	7,881,437	6,760,167	8,390,693	8,558,067	9,852,997	10,547,809	11,248,422	11,854,331	9,504,120	8,922,746	7,132,440	5,600,234
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,399,585	6,350,621	5,744,047	4,904,240	6,117,348	6,257,720	7,151,651	8,412,086	9,121,778	8,583,463	7,530,753	6,437,462	5,124,451	4,005,988
Gross Profit	2,438,053	2,469,198	2,137,390	1,855,928	2,273,346	2,300,347	2,701,346	2,135,723	2,126,644	3,270,868	1,973,367	2,485,284	2,007,988	1,594,246
Admin Expenses	2,373,897	2,575,199	2,011,716	2,061,760	2,160,983	2,089,779	2,729,022	1,488,249	1,558,115	2,400,316	1,301,246	2,249,156	2,017,824	1,435,162
Operating Profit	64,156	-106,001	125,674	-205,832	112,363	210,568	-27,676	647,474	568,529	870,552	672,121	236,128	-9,836	159,084
Interest Payable	86,617	72,892	46,235	25,919	33,494	31,777	32,394	65,557	84,452	65,022	49,295	0	0	0
Interest Receivable	15,011	6,702	317	55	2,271	1,866	447	0	0	0	0	896	517	72
Pre-Tax Profit	-7,450	-172,191	79,756	-231,696	81,140	180,657	-59,623	581,917	484,077	805,530	622,826	237,024	-9,319	159,156
Tax	0	0	-15,154	0	-15,417	-34,325	0	-114,578	-100,300	-174,614	-142,931	-56,886	0	-44,564
Profit After Tax	-7,450	-172,191	64,602	-231,696	65,723	146,332	-59,623	467,339	383,777	630,916	479,895	180,138	-9,319	114,592
Dividends Paid	0	0	0	0	0	0	0	480,000	440,000	460,000	320,000	0	0	0
Retained Profit	-7,450	-172,191	64,602	-231,696	65,723	146,332	-59,623	-12,661	-56,223	170,916	159,895	180,138	-9,319	114,592
Employee Costs	975,152	935,128	899,519	1,031,160	1,251,620	1,396,342	1,401,947	911,343	929,308	940,474	808,482	1,036,354	824,714	714,037
Number Of Employees	23	23	24	28	34	39	40	42	44	42	38	32	26	23
EBITDA*	80,654	-82,217	154,130	-170,807	154,141	259,980	27,879	712,168	640,548	927,160	717,677	266,833	21,200	174,540

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	47,335	70,451	84,580	111,173	124,238	143,843	162,391	189,920	211,939	165,713	136,696	87,103	90,682	49,813
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	47,335	70,451	84,580	111,173	124,238	143,843	162,391	189,920	211,939	165,713	136,696	87,103	90,682	49,813
Stock & work in progress	1,550,451	1,763,899	1,299,316	1,499,383	1,905,261	1,717,959	1,949,690	2,229,161	1,873,538	2,270,941	1,460,622	1,269,516	831,368	597,923
Trade Debtors	1,296,162	1,388,913	1,405,613	946,090	1,101,133	1,137,966	1,530,447	1,638,096	1,618,543	1,627,288	1,555,063	1,262,994	1,081,586	885,931
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	465,737	233,468	406,280	426,136	482,302	349,116	202,754	153,293	47,715	36,794	116,726	0	0	0
Cash	90,992	509,457	562,837	70,677	39,059	566,427	179,809	177,842	633,660	14,474	30,899	180,230	178,204	28,673
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,403,342	3,895,737	3,674,046	2,942,286	3,527,755	3,771,468	3,862,700	4,198,392	4,173,456	3,949,497	3,163,310	2,712,740	2,091,158	1,512,527
total assets	3,450,677	3,966,188	3,758,626	3,053,459	3,651,993	3,915,311	4,025,091	4,388,312	4,385,395	4,115,210	3,300,006	2,799,843	2,181,840	1,562,340
Bank overdraft	359,177	749,014	595,121	54,124	312,352	620,053	297,706	457,662	764,128	299,581	46,518	0	0	0
Bank loan	0	0	0	0	0	0	0	0	115,974	63,247	81,429	0	0	0
Trade Creditors	1,697,777	1,523,786	1,109,292	883,170	1,310,340	1,276,415	1,554,567	1,762,689	1,346,086	1,193,820	1,035,301	2,289,581	1,876,685	1,397,950
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	70,352	3,578	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	1,031,989	959,292	0	0	0
hp & lease commitments	1,794	7,612	6,387	12,823	15,233	19,857	30,902	0	66,216	40,205	16,225	0	0	0
other current liabilities	817,377	1,008,165	1,093,510	1,107,427	1,266,380	1,256,296	1,444,569	1,272,870	1,051,042	382,427	240,458	0	0	0
total current liabilities	2,876,125	3,288,577	2,804,310	2,057,544	2,904,305	3,172,621	3,327,744	3,493,221	3,343,446	3,081,621	2,382,801	2,289,581	1,876,685	1,397,950
loans	183,333	283,333	383,333	483,333	0	60,001	0	281,234	397,208	343,182	406,428	0	0	0
hp & lease commitments	0	1,180	2,162	8,385	11,798	9,189	0	0	31,339	31,275	27,444	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	167,026	17,822	0	0	0	195,177	166,904	29,990
provisions	23,184	17,613	21,145	21,123	21,120	24,453	27,606	33,697	38,403	27,910	23,027	14,674	17,978	4,808
total long term liabilities	206,517	302,126	406,640	512,841	32,918	93,643	194,632	332,753	466,950	402,367	456,899	209,851	184,882	34,798
total liabilities	3,082,642	3,590,703	3,210,950	2,570,385	2,937,223	3,266,264	3,522,376	3,825,974	3,810,396	3,483,988	2,839,700	2,499,432	2,061,567	1,432,748
net assets	368,035	375,485	547,676	483,074	714,770	649,047	502,715	562,338	574,999	631,222	460,306	300,411	120,273	129,592
total shareholders funds	368,035	375,485	547,676	483,074	714,770	649,047	502,715	562,338	574,999	631,222	460,306	300,411	120,273	129,592

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	64,156	-106,001	125,674	-205,832	112,363	210,568	-27,676	647,474	568,529	870,552	672,121	236,128	-9,836	159,084
Depreciation	16,498	23,784	28,456	35,025	41,778	49,412	55,555	64,694	72,019	56,608	45,556	30,705	31,036	15,456
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-15,154	0	-15,417	-34,325	0	-114,578	-100,300	-174,614	-142,931	-56,886	0	-44,564
Stock	-213,448	464,583	-200,067	-405,878	187,302	-231,731	-279,471	355,623	-397,403	810,319	191,106	438,148	233,445	597,923
Debtors	139,518	-189,512	439,667	-211,209	96,353	-246,119	-58,188	125,131	2,176	-7,707	408,795	181,408	195,655	885,931
Creditors	173,991	414,494	226,122	-427,170	33,925	-278,152	-208,122	416,603	152,266	158,519	-1,254,280	412,896	478,735	1,397,950
Accruals and Deferred Income	-190,788	-85,345	-13,917	-158,953	10,084	-188,273	171,699	221,828	668,615	141,969	240,458	0	0	0
Deferred Taxes & Provisions	5,571	-3,532	22	3	-3,333	-3,153	-6,091	-4,706	10,493	4,883	8,353	-3,304	13,170	4,808
Cash flow from operations	143,358	-31,671	111,603	-139,840	-104,255	233,927	323,024	750,561	1,766,849	255,305	-1,030,624	-17	84,005	48,880
Investing Activities
capital expenditure	6,618	-9,655	-1,863	-21,960	-22,173	-30,864	-28,026	-3,836	-27,616	-31,946	-43,690	-27,126	-71,905	-65,269
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,618	-9,655	-1,863	-21,960	-22,173	-30,864	-28,026	-3,836	-27,616	-31,946	-43,690	-27,126	-71,905	-65,269
Financing Activities
Bank loans	0	0	0	0	0	0	0	-115,974	52,727	-18,182	81,429	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-70,352	66,774	3,578	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	-1,031,989	72,697	959,292	0	0	0
Long term loans	-100,000	-100,000	-100,000	483,333	-60,001	60,001	-281,234	-115,974	54,026	-63,246	406,428	0	0	0
Hire Purchase and Lease Commitments	-6,998	243	-12,659	-5,823	-2,015	-1,856	30,902	-97,555	26,075	27,811	43,669	0	0	0
other long term liabilities	0	0	0	0	0	-167,026	149,204	17,822	0	0	-195,177	28,273	136,914	29,990
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	15,000
interest	-71,606	-66,190	-45,918	-25,864	-31,223	-29,911	-31,947	-65,557	-84,452	-65,022	-49,295	896	517	72
cash flow from financing	-178,604	-165,947	-158,577	451,646	-93,239	-138,792	-133,075	-377,238	-1,053,965	20,832	1,249,924	29,169	137,431	45,062
cash and cash equivalents
cash	-418,465	-53,380	492,160	31,618	-527,368	386,618	1,967	-455,818	619,186	-16,425	-149,331	2,026	149,531	28,673
overdraft	-389,837	153,893	540,997	-258,228	-307,701	322,347	-159,956	-306,466	464,547	253,063	46,518	0	0	0
change in cash	-28,628	-207,273	-48,837	289,846	-219,667	64,271	161,923	-149,352	154,639	-269,488	-195,849	2,026	149,531	28,673

P&L

June 2023

turnover

8.8m

operating profit

64.2k

gross margin

27.6%

-1.46%

turnover

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

Balance Sheet

June 2023

net assets

368k

-0.02%

total assets

3.5m

-0.13%

cash

91k

-0.82%

net assets

Total assets minus all liabilities

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company number

04608583

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

December 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 9 gawsworth court,, birchwood, warrington, cheshire, WA3 6NJ

last accounts submitted

June 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 found 5 charges/mortgages relating to new world air brake ltd. Currently there are 3 open charges and 2 have been satisfied in the past.

new world air brake ltd Company Information

new world air brake ltd Estimated Valuation

new world air brake ltd Estimated Valuation

new world air brake ltd Estimated Valuation

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NEW WORLD AIR BRAKE LTD financials

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