remington ward electrical & mechanical building services ltd

Dissolved 

remington ward electrical & mechanical building services ltd Company Information

Share REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD

Company Number

04641335

Shareholders

jacqueline gail ward

stephen frederick ward

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Group Structure

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Industry

Manufacture of other electronic and electric wires and cables

 

Registered Address

30 st pauls square, birmingham, west midlands, B3 1QZ

Website

-

remington ward electrical & mechanical building services ltd Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD at £1.3m based on a Turnover of £3m and 0.42x industry multiple (adjusted for size and gross margin).

remington ward electrical & mechanical building services ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD at £0 based on an EBITDA of £-85.5k and a 3.33x industry multiple (adjusted for size and gross margin).

remington ward electrical & mechanical building services ltd Estimated Valuation

£221.2k

Pomanda estimates the enterprise value of REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD at £221.2k based on Net Assets of £114.8k and 1.93x industry multiple (adjusted for liquidity).

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Remington Ward Electrical & Mechanical Building Services Ltd Overview

Remington Ward Electrical & Mechanical Building Services Ltd is a dissolved company that was located in west midlands, B3 1QZ with a Companies House number of 04641335. It operated in the manufacture of other electronic and electric wires and cables sector, SIC Code 27320. Founded in January 2003, it's largest shareholder was jacqueline gail ward with a 35% stake. The last turnover for Remington Ward Electrical & Mechanical Building Services Ltd was estimated at £3m.

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Remington Ward Electrical & Mechanical Building Services Ltd Health Check

Pomanda's financial health check has awarded Remington Ward Electrical & Mechanical Building Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £3m, make it smaller than the average company (£9.3m)

£3m - Remington Ward Electrical & Mechanical Building Services Ltd

£9.3m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Remington Ward Electrical & Mechanical Building Services Ltd

- - Industry AVG

production

Production

with a gross margin of 15.9%, this company has a higher cost of product (25.1%)

15.9% - Remington Ward Electrical & Mechanical Building Services Ltd

25.1% - Industry AVG

profitability

Profitability

an operating margin of -3.1% make it less profitable than the average company (2.9%)

-3.1% - Remington Ward Electrical & Mechanical Building Services Ltd

2.9% - Industry AVG

employees

Employees

with 11 employees, this is below the industry average (74)

11 - Remington Ward Electrical & Mechanical Building Services Ltd

74 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has an equivalent pay structure (£31.5k)

£31.5k - Remington Ward Electrical & Mechanical Building Services Ltd

£31.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £275k, this is more efficient (£144.7k)

£275k - Remington Ward Electrical & Mechanical Building Services Ltd

£144.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 122 days, this is later than average (66 days)

122 days - Remington Ward Electrical & Mechanical Building Services Ltd

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 138 days, this is slower than average (46 days)

138 days - Remington Ward Electrical & Mechanical Building Services Ltd

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (60 days)

3 days - Remington Ward Electrical & Mechanical Building Services Ltd

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)

0 weeks - Remington Ward Electrical & Mechanical Building Services Ltd

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 89.4%, this is a higher level of debt than the average (62.5%)

89.4% - Remington Ward Electrical & Mechanical Building Services Ltd

62.5% - Industry AVG

REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD financials

EXPORTms excel logo

Remington Ward Electrical & Mechanical Building Services Ltd's latest turnover from July 2012 is estimated at £3 million and the company has net assets of £114.8 thousand. According to their latest financial statements, we estimate that Remington Ward Electrical & Mechanical Building Services Ltd has 11 employees and maintains cash reserves of £7.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2012Jul 2011Jul 2010Jul 2009
Turnover3,024,974954,391346,8530
Other Income Or Grants0000
Cost Of Sales2,542,896796,025297,9670
Gross Profit482,078158,36648,8850
Admin Expenses574,775157,080118,310-380,470
Operating Profit-92,6971,286-69,425380,470
Interest Payable0000
Interest Receivable418675734458
Pre-Tax Profit-92,2791,961-68,691380,928
Tax0-5100-106,660
Profit After Tax-92,2791,451-68,691274,268
Dividends Paid0000
Retained Profit-92,2791,451-68,691274,268
Employee Costs346,502119,93958,1330
Number Of Employees11420
EBITDA*-85,4677,832-56,763408,391

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets33,09539,87740,10171,075
Intangible Assets0000
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets33,09539,87740,10171,075
Stock & work in progress26,0004,8502,2004,800
Trade Debtors1,013,178318,645129,504154,141
Group Debtors0000
Misc Debtors0000
Cash7,663159,361110,580183,015
misc current assets0000
total current assets1,046,841482,856242,284341,956
total assets1,079,936522,733282,385413,031
Bank overdraft0000
Bank loan0000
Trade Creditors 964,832305,82168,086129,727
Group/Directors Accounts00140
other short term finances0000
hp & lease commitments0000
other current liabilities0000
total current liabilities964,832305,82168,100129,727
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities2555,7846,4084,636
provisions04,0002,2004,300
total long term liabilities2559,7848,6088,936
total liabilities965,087315,60576,708138,663
net assets114,849207,128205,677274,368
total shareholders funds114,849207,128205,677274,368
Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit-92,6971,286-69,425380,470
Depreciation7,2306,54612,66227,921
Amortisation0000
Tax0-5100-106,660
Stock21,1502,650-2,6004,800
Debtors694,533189,141-24,637154,141
Creditors659,011237,735-61,641129,727
Accruals and Deferred Income0000
Deferred Taxes & Provisions-4,0001,800-2,1004,300
Cash flow from operations-146,13955,066-93,267276,817
Investing Activities
capital expenditure-448-6,32218,312-98,996
Change in Investments0000
cash flow from investments-448-6,32218,312-98,996
Financing Activities
Bank loans0000
Group/Directors Accounts0-14140
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities-5,529-6241,7724,636
share issue000100
interest418675734458
cash flow from financing-5,111372,5205,194
cash and cash equivalents
cash-151,69848,781-72,435183,015
overdraft0000
change in cash-151,69848,781-72,435183,015

remington ward electrical & mechanical building services ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Remington Ward Electrical & Mechanical Building Services Ltd Competitor Analysis

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Perform a competitor analysis for remington ward electrical & mechanical building services ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.

remington ward electrical & mechanical building services ltd Ownership

REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD group structure

Remington Ward Electrical & Mechanical Building Services Ltd has no subsidiary companies.

Ultimate parent company

REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD

04641335

REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD Shareholders

jacqueline gail ward 35%
stephen frederick ward 35%
richard ward 15%
katie paskin 15%

remington ward electrical & mechanical building services ltd directors

Remington Ward Electrical & Mechanical Building Services Ltd currently has 2 directors. The longest serving directors include Mr Stephen Ward (Jan 2003) and Ms Jacqueline Ward (Sep 2012).

officercountryagestartendrole
Mr Stephen Ward64 years Jan 2003- Director
Ms Jacqueline WardEngland63 years Sep 2012- Director

P&L

July 2012

turnover

3m

+217%

operating profit

-92.7k

0%

gross margin

16%

-3.96%

turnover

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

Balance Sheet

July 2012

net assets

114.8k

-0.45%

total assets

1.1m

+1.07%

cash

7.7k

-0.95%

net assets

Total assets minus all liabilities

remington ward electrical & mechanical building services ltd company details

company number

04641335

Type

Private limited with Share Capital

industry

27320 - Manufacture of other electronic and electric wires and cables

incorporation date

January 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Small

last accounts submitted

July 2012

previous names

N/A

accountant

-

auditor

-

address

30 st pauls square, birmingham, west midlands, B3 1QZ

Bank

-

Legal Advisor

-

remington ward electrical & mechanical building services 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 found 3 charges/mortgages relating to remington ward electrical & mechanical building services ltd. Currently there are 3 open charges and 0 have been satisfied in the past.

remington ward electrical & mechanical building services ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for REMINGTON WARD ELECTRICAL & MECHANICAL BUILDING SERVICES LTD. This can take several minutes, an email will notify you when this has completed.

remington ward electrical & mechanical building services ltd Companies House Filings - See Documents

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